Governmental Ordinance no. 6/2019 on granting tax incentives brings new advantages for the taxpayer

The legal entities in financial difficulty with budgetary debts higher or equal with 1.000.000 RON, can use a variety of restructuring measures in order to avoid the opening of insolvency proceedings if they fulfil the conditions of article 2 of the Governmental Ordinance no. 6/2019.

In order to benefit from the restructuring measures, the taxpayer has to present a Restructuring Plan made by an independent expert, which will also contain one of the following restructuring measures adequate for the specific case: instalment plan, conversion of the debt into equity, settlement the obligation by giving in payment an immovable or the annulment of some main obligations.

On the other hand, the natural person, the entities without legal personality and the legal entities with budgetary debts lower than 1.000.000 RON can benefit from the annulment of the penalties, interests and other accesories.