As a reminder: at the beginning of March, a comprehensive incentive package for a sustainable economy (catchword „Transition 5.0“) was published with Law Decree No. 19/2024. The emergency decree was converted by Law No. 56/2024, and the conversion law has been in force since 30 April 2024. Within 30 days of that conversion at the latest, the implementing provisions, without which the incentive package cannot be applied, should also have been issued. After numerous delays, they were most recently promised for the end of June. According to the latest news, publication is now envisaged before the August holidays, that is, for the middle of August.
The criticism of this delay voiced by numerous associations is more than justified, since investments have been blocked for months. For nobody wants to exclude themselves from the incentive through any mistakes of their own. At the same time, specialists are currently outdoing one another with webinars and presentations on the forthcoming incentives, only to have to admit in the end that, in the absence of the implementing provisions, binding statements are unfortunately not possible.
We informed you of the main features of the incentives in our Circular No. 15/2024. Enclosed you will find the most recently published draft of the implementing provisions, as, according to unofficial reports, it was approved last week by the competent ministries and then transmitted to the Court of Auditors for final review. Naturally, we cannot rule out that further amendments may still be made to the legislation before its publication in the Official Gazette. The document should, however, serve to provide a first insight into the forthcoming reliefs and to determine one’s own position.
Annex: as above
Please do not hesitate to contact us if you have any queries.
Yours faithfully,
Dott. Comm. Josef Vieider
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