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New temporary measures for benefit of enterprises

Published the:  19/03/2011

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March. 19, 2011 - TAP - The Interim Government decided a series of measures that mainly target those enterprises which incurred damage and losses during the recent period, the Foreign Investment Promotion Agency (FIPA) announced.
The first measure tackles the issue of payment by the State of 50% of employers' contribution to compulsory social security. It is applied to those wage-earners who have seen a cut in their labor-hours by more than 8 hours/week, as a result of reduction of their enterprises' activities.
These same enterprises will have the possibility to declare due taxation for 2010, without effective payment of this taxation, up to September 25, 2011, and without paying delay penalties, up to March 25, 2012 for enterprises in total cessation of activity.
Enterprises having suffered losses are also to benefit of State payment of two points of the credit rate and money market rate for the credit in installments and those related to the investments destined to repairing damages caused.
Another measure in favor of these enterprises concerns extension up to December 31 2011 of the date of deduction of profits and incomes as part of inciting code to investments.