The procedure to be followed includes the following steps:

1. the application must be submitted latest December 15^th;
2. the application must have attached the plan proposed by the company regarding the settlement of debts (the value to be paid monthly in the next 12 months);
3. within 5 days from receiving the file, the tax authorities will analyse the documentation and decide whether the company is accepted or not for this incentive (Tax authority will send written communication to the tax payer).

During the 12th-month period that is related to this incentive regarding the debts rescheduling, the company has the possibility to request maximum twice the amendment of initial plan, under certain conditions.

The risks we would like  to bring to your attention refers to the interest and penalties that the company will be obliged to pay if the debts will not be paid to the state budgets according to the rescheduling plan, as follows:

• 0.01% interest for any day of late payment; the interests are calculated for each instalment from the rescheduling plan, starting with the date of issuing the rescheduling decision and until the payment term from the schedule plan or until the date of payment of the instalment;
• 5% penalty from the amount left unpaid from the rescheduling rate, including the interest due during the rescheduling period.