The Government on Wednesday approved new fiscal regulations, whereby companies that pay their debts to the state by December 31 will not be liable for any overdue penalties, or will have their penalties reduced to 50% if they pay in the first quarter of 2012.
Ialomitianu added that these incentives will also be available to natural persons with debts from property taxes or rent contracts.
According to the minister, if 330,000 companies pay the main amount of their debts, worth a total 17 billion lei (EUR4 billion), to the state by December 31, then overdue charges of RON2.5 billion would be cleared.(EUR1=RON4.2306)