As part of the COVID-19 pandemic financial assistance package, in March 2020, the Ministry of Finance and Labor launched the Tax Postponement Scheme to help companies and businesses alleviate liquidity difficulties. This measure was extended until December 2021, with the exception of taxes paid by employers, under the FSS system.
The Ministry of Finance announced that the repayment under the Tax Deferral Scheme is set for a period of 30 months, so beneficiaries can pay their taxes until end of December 2024. The first amount will be paid in June 2022, with monthly payments. During this period interest on deferred taxes is frozen.
If the beneficiaries fail to do the repayment and dues are not settled by the end of December 2024, the benefit granted under the Tax Deferral Scheme may be forfeited and interest will be reimbursed on the amount not paid as though the Scheme had not applied. During this period, businesses are also expected to pay taxes for the current periods.