Two more companies will be added to the list of subjects that can extend the VAT and customs duty payment deadline, IPN reports, quoting a Government decision.

The extension right is valid for the period of the production cycle, but for not more than 180 days, in case of raw material, accessories, primary packing and supplementary articles imported for making exclusively goods intended for export.

Minister of Economy and Infrastructure Kiril Gaburici said the two companies – “Iraid Sor” SRL and SRL “Euro - Alco” – were chosen by the interdepartmental commission set up by order of the Minister of Economy and Infrastructure. The commission consists of representatives of the Ministry of Finance, the Customs Service, the State Tax Service and the Chamber of Trade and Industry.

“For the business entities selected by the commission to benefit from the extension of the period of  paying the VAT and customs duty in accordance with the regulations concerning the process, these companies need to be included in the mentioned list that is approved by the Government. A number of 32 companies benefit from these stimuli at present,” stated Kiril Gaburici.

The draft decision takes effect when it is published.