The law, which amends several tax codes, was enacted on 16 August, by the president, and takes effect on October 1, 2010, except for amendments to the Stamp Duty Code and the IUC (vehicle road tax) Code which take effect on 1 January.
The new law makes several amendments to various tax codes, introducing adjustments to rules on taxpayers’ reporting obligations and seeks to improve the operation of tax administration services.
Among the various changes is the extension of the period for payment of VAT by five days, allowing the option of payment by direct debit and, for those VAT payers included in the monthly scheme, to pay the tax until the 15th of the second month following the month in which the transactions took place.
VAT payers included in the quarterly scheme can now pay the tax up to the 20th day of the second month following the quarter of the year to which the transactions relate.
The law also makes several changes to requests for payment of taxes in instalments, defining that they must be submitted electronically, within 15 days of the end of the deadline for voluntary payment.
The law also determines that the request for payment in instalments must be submitted before the respective tax enforcement proceedings are initiated and that the value of the debts that can be paid in instalments with guarantee exemption becomes €5,000 in the case of IRS, and €10,000 in the case of IRC.
In order to benefit from this measure, it is necessary that the taxpayer does not have other tax debts.