The Romanian Government has adopted Emergency Government Ordinance no. 107/2024 (GEO no. 107/2024), which introduces a series of measures:
- A fiscal amnesty for interest, penalties and all accessories related to outstanding principal budgetary obligations as of 31 August 2024 if debtors pay the principal debts and submit an annulment request by 25 November 2024. This applies to individuals and legal entities, both public and private, associations and other entities without legal personality, individuals conducting independent economic activities or practicing liberal professions, administrative-territorial units and subdivisions of Bucharest Municipality and public institutions.
- Cancellation of 50% or 25% of principal budgetary obligations and related accessories as at 31 August 2024 for individual debtors.
- A 3% deduction on annual profit tax and/or the microcompany income tax for the fiscal year 2024 for compliant taxpayers.
- Support for investments at the local public authority level by facilitating access to financing through European funds or treasury loans.
- Monitoring and reducing unnecessary or deferrable public expenditure categories.