28.8 million euros in unpaid fines are hidden until 2024, benefiting around 17 thousand businesses

In addition to the complete cancellation of unpaid obligations until 2014, their conditional forgiveness if up to 75% of the principal is paid, the forgiveness law also provides for the cancellation of fines and late payment interest on unpaid obligations for the years 2020 to December 2024.

The tax administration announced that so far 15,715 taxpayers have benefited, with 28.8 million euros in liabilities written off/expired.

The process includes the cancellation of fines for failure to declare on time, calculated until December 31, 2024, and of fines for late submission of the decision on the allocation of the result and financial statements, for liabilities calculated until December 31, 2024.

Specifically, the law provides that tax liabilities for the period January 1, 2020 - December 31, 2024, fines and late interest are waived, provided that the tax for the relevant period is paid in full (100% of the principal) from 10.06.2026 to 31.12.2026.

Also, according to the law, tax liabilities until December 31, 2014, are completely erased, including fines and late interest. The principal obligation for social security and health contributions is not forgiven.

Tax liabilities for the period January 1, 2015 – December 31, 2019

50% of the principal obligation is cancelled if the remaining 50% is paid in one go from 10.06.2026 to 30.06.2026; 25% of the principal obligation is cancelled if the remaining 75% is paid from 10.06.2026 to 31.12.2026. In both cases, fines and late payment interest are completely cancelled. In both cases, fines and late payment interest are completely cancelled.

Other benefits provided by law

According to Law No. 86/2025:
Obligations for entities deregistered in the Central Bank or by court decision until 31.12.2024 are deleted, except for social security and health contributions;

Fines for non-declaration or late declaration of declarations pertaining to the periods up to 31.12.2024 are waived, provided that the undelivered declarations are submitted by 30.06.2026;

Fines for late submission of financial statements and the decision on the allocation of the result, calculated until 31.12.2024, are deleted;

Fines and interests generated by payroll changes as a result of legal/sub-legal acts with retroactive effect or final court decisions are hidden.

Administrative fines are deleted for the periods until 31.12.2024. Monitor