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Tax Facilities for Romanian Companies in Combating the Crisis Generated by COVID-19

Author

Listed:
  • Lucia Morosan-Danila

    (†Stefan cel Mare†University of Suceava)

  • Otilia-Maria Bordeianu

    (†Stefan cel Mare†University of Suceava)

Abstract

The year 2020 was a challenging one, both medically and economically. The pandemic that has swept the world has produced a series of changes in the economy, causing crisis and a major shock for the entire European and global economy. All states have been put in a position to take certain measures at both the political and budgetary levels to support the economy. The rapid spread of the virus, the large number of illnesses and the state of emergency we entered at the beginning of 2020, led to an economic deadlock followed by an increase in the unemployment rate, due to the fact that many companies have stopped or significantly reduced activity due to lack of demand. This paper highlights the main effects of the pandemic on the companies from Romania, leading to the support given by the state in order to support them to face the direct repercussions.

Suggested Citation

  • Lucia Morosan-Danila & Otilia-Maria Bordeianu, 2021. "Tax Facilities for Romanian Companies in Combating the Crisis Generated by COVID-19," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 369-376, August.
    • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:1:p:369-376
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    File URL: https://stec.univ-ovidius.ro/html/anale/RO/2021/Section%203/28.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    COVID-19; crisis; income tax; unemployment; compensations;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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