Fiscal Package 2020

A summary of the main changes introduced by the Fiscal Package 2020 with effects as of 15th of January 2020:

Tax procedures:

• Most of the changes aim the harmonisation with the newly introduced Law on Invoices and the System for Monitoring Transactions (Law no. 87/2019) and will become effective in accordance with the timeline set forth in the latter law.
• In specific cases, tax amounts to be paid or paid in excess in the tax or customs administration may be set off against each other. The specific cases, procedures and criteria will be established by instruction of the Minister of Finance and Economy.
• In specific cases, at the request of tax administration, the taxpayer may enter into an instalment payment agreement with the tax administration by setting a detailed payment plan for the liabilities of the tax administration against the taxpayer. In this case, no late interest payment will apply on the liabilities of the tax administration. The specific cases,