The Romanian Chamber of Deputies has passed a bill which will assist Romanian companies, freelancers and individuals to defer their rent during the State of Emergency.
Individuals will be able to defer their rent payments and companies or freelancers can defer their rent payment for the headquarters and secondary offices associated with their business.
There is a requirement to demonstrate, that the individual or the company has had a decline in revenue by at least 15% in March. compared to the average monthly wage received, following the introduction of the State of Emergency.
The local tax collection agencies will pay rent to the landlords on behalf of the tenants and will then recover the money from tenants via installments by the end of the year.
There is also a limit to the amount which can be covered by this law, and that is 10,000 Lei for companies and 2,000 lei for individuals.
There’s is also an incentive for landlords, who will not have to pay any income tax if they have reduced rent prices by 30% since February, for the rest of the year.
Once the bill has been inaugurated, it has been suggested that this will provide much-needed relief to those who have been impacted through declining workforce numbers since the State of Emergency was declared.