Law no. 62/2020 which provides some facilities to tenants and owners affected by COVID – 19 is applicable starting with May 24th 2020 The law provides for 2 categories of facilities: For tenants: they can postpone the payment of the rent from the period related to the state of emergency without paying interest and penalties. The rent is to be paid by the fiscal authorities, upon the tenant’s request and will be returned by the last until 31.12.2020. The granting of the facility is capped at 10,000 lei for legal entities and 2,000 lei for individuals and is conditioned, among others, by the proof that the tenant is unable to pay the rent. For owners: Individuals: rental income made in 2020 is not taxable if the owner reduces the rent by at least 30% compared to February 2020. Legal entities: rental income is taxable only in proportion of 80% of their value, if the owner reduces the rent by at least 20% compared to February 2020. The facility is granted for the period when the rent is thus reduced, but not later of 31 December 2020.
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