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In the Official Gazette from 21.03.2020, it was published the OUG No. 29 / 21.03.2020, approving the Program to support small and medium-sized companies in the context of the COVID-19 pandemic.
THE FOLLOWING SUPPORT MEASURES WERE OFFICIALLY APPROVED FOR COMPANIES:
1. Granting of state guarantees for loans / credit lines, as it follows:
a) one or more guarantees for investments loans for and / or one or more loans / credit lines for working capital in a percentage of maximum 80% of the financing value, excluding the interest, commissions and bank charges related to the guaranteed loan.
The maximum total value of state guaranteed financing: 10,000,000 lei.
Maximum value of loans / credit lines for working capital loans: 5,000,000 lei (capped to the average of the expenses related to working capital during the last 2 fiscal years)
The maximum value of the loans / credit lines for financial investments: 10,000,000 lei.
Maximum duration of financing for investment loans: 120 months
Maximum duration of financing for working capital loans: 36 months
b) one or more guarantees for loans / credit lines for financing the working capital for micro-enterprises and small enterprises with a maximum percentage of 90% of the financing value the interest, commissions and bank charges related to the credit guaranteed by the state
Maximum value: 500,000 lei for micro-enterprises,
Maximum value: 1,000,000 lei for small businesses.
The maximum value of each financing granted to a beneficiary may not exceed the average of the expenses related to the working capital of the last 2 fiscal years, within the limits previously provided.
Maximum duration of financing for investment loans: 120 months
Maximum duration of financing for working capital loans: 36 months
2. Interest subsidies on loans / credit lines for working capital loans and investment loans of 100% of the budget of the Ministry of Public Finance, within de minimis aid
Grant period: until March 31, 2021, with the possibility of extension
3. Extension of the term for payment of taxes and local taxes (tax on buildings, land tax, tax on means of transport) until June 30, 2020.
In 2020, the deadline of March 31 inclusive, stipulated in art. 462 paragraph (1), art. 467 para. (1) and art. 472 para. (1) of Law no. 227/2015 regarding the Fiscal Code, with subsequent amendments, is extended until June 30 inclusive.
4. Interest rates and penalties for fiscal obligations due from the date of entry into force of OUG and unpaid up to 30 days after the end of the emergency state shall not be calculated and owed;
For the fiscal obligations due from the date of entry into force of the OUG and unpaid until the termination of measures, according to par. (4), from the present article, interest rates and penalties are not calculated and owed, according to the Fiscal Procedure Code, approved by Law no. 207/2015, as subsequently amended.
5. The measures of legal enforcement by garnishment of budget claims are suspended or not initiated, except from the legal enforcements applied for the recovery of the budget claims established by court decisions on criminal matters
6. Postponement of payment of utilities services and rent for the building destined for registered office and secondary offices for SOME companies by invoking „force majeure”
During the state of emergency, small and medium-sized enterprises, which have interrupted their activity totally or partially based on DECISIONS issued by the public authorities, according to the law, and who own the certificate of emergency situation issued by the Ministry of Economy, Energy and Business Environment, benefit from deferred payment for utilities services: electricity, natural gas, water, telephone and Internet services, as well as deferred payment of the rent for the building destined for registered office and secondary offices.
This category includes companies whose activity has been restricted by the Military Ordinance, respectively:
- RESTAURANTS
- HOTELS
- COFFEE SHOPS
- OTHER PUBLIC LOCATIONS
- CAFETERIAS
- COMPANIES ORGANIZING CULTURAL, SCIENTIFIC, ARTISTIC, RELIGIOUS, SPORTS, ENTERTAINMENT, GAMES EVENTS
- SPA TREATMENT COMPANIES
- PERSONAL CARE COMPANIES
and additionally:
- FAMILY MEDICAL OFFICES
- DENTAL OFFICES, with an activity of maximum 20 persons
- SPORTS FEDERATIONS
SPORTS CLUBS
