Tax News No.10/2021

The Council of Ministers issued on 18 June 2021 a Decree concerning the detailed rules for the application of the obligation to accept card payments (259/2021, dated 18/06/2021).

In summary, companies are obliged to comply within three months of the date of publication of the Decree, i.e., until 18 September 2021. In the case of start-ups, during the last 30 days before the expiry of the three-month period, they must comply within four months of the publication of the Decree, while undertakings which will initiate an activity or change after the expiry of the three-month period must comply within one month of the start or change in their activities. Excluded from the obligation to accept card payments are businesses operating in the fields of processing, electricity supply, water, transport, and information and communication (publishing activities, film production, broadcasting, computer programmers).

Please refer to the attached circular for further details on the above Decree here.