Amnesty on Penalties on Social and Health Contributionss

The law no 66/2015, dated 14.07.2015 “On the amnesty of the penalties on the failure to duly settle the mandatory social and health contributions from legal entities and physical persons” (the “Amnesty Law”) has entered into force on 31 July 2015. The Amnesty Law provides the rules and regulations on the amnesty provided for legal entities and physical persons who have been subject to penalties for the failure to duly declare and/or duly pay the social and health contributions provided that: (i) such penalties have been registered under the relevant system on or before December 31, 2014; and (ii) that the outstanding contributions and the accrued interests shall be paid on or before 30.09.2015. Subject to such amnesty shall also be the penalties, which are currently being reviewed by an administrative appeal or litigation procedure. However, penalties, which have been paid before the date of the entry into force of the Amnesty Law, shall not be refundable.

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