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O.J. 351/27.05 – Law no. 88/2010 issued on 21/05/2010, approving certain financial measures for small and medium sized breweries

  By this law there are granted exemptions from payment of tax liabilities outstanding on December 31, 2008 and unpaid until the date of coming into force of this Law, representing excise tax, tax on income and VAT, except for the withholding and VAT of custom clearance, due by small and medium sized breweries.

There will also be exempt from payment the additional tax duties, such as interest, penalties and late payment penalties associated with tax exempt obligations, calculated to the date of coming into force of this Law.

The amounts exempted from payment will be highlighted in the accounts of the benefiting companies in extra balance accounts, until January 1, 2011.

In order to be eligible for exemption, the small and medium sized breweries should meet cumulatively the following conditions:

This law lays down the conditions for loss of validity of the exemption and also refers to whom should monitor compliance conditions for exemption.

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