ORDER No. 512 as of April the 16th approving the Compensation Procedure according to article VI of Government Emergency Ordinance 12/2013 to set certain financial and fiscal measures and extension of certain terms

The order approves the compensation procedure for reciprocal obligations of administrative-territorial units and of economic operators which have outstanding obligations to the local budget. In case an administrative-territorial unit acts both as debtor for outstanding liabilities recorded by an economic operator and as creditor for unpaid tax liabilities to the local tax jurisdiction budget of the relevant economic operator, the unit in question may settle mutual obligations up to the limit of the lower value of the mutual claims.

30 May 2013