Romania

[RO] More money from gambling for the National Film Fund

IRIS 2020-6:1/4

Eugen Cojocariu

Radio Romania International

On 27 April 2020, the President of Romania, Klaus Iohannis, promulgated a law by which 4% of the amounts collected for the state budget from economic operators carrying out activities in the field of gambling are directed annually to the Film Fund. Law No. 50 of 2020 was published in the Official Gazette of Romania No. 340 of 27 April 2020 (see, inter alia, IRIS 2014-2/32, IRIS 2014-7/32, IRIS 2016-2/23, IRIS 2016-10/23, IRIS 2017-2/27, IRIS 2018-2/29,  IRIS 2018-10/23,  IRIS 2019-2/22 and IRIS 2020-3/2).

The act modifies Article 13, paragraph (1), lit. e¹) of Government Ordinance No. 39/2005 on cinematography in the sense that it increases from 2% to 4% the percentage of the amounts collected for the state budget from economic operators carrying out activities in the field of gambling, which are directed annually to the Film Fund. The new law provisions as follows:

Four per cent of the amounts collected for the state budget from economic operators carrying out activities in the field of gambling will be directed annually to the Film Fund for the encouragement and support of the film industry. The amount shall be transferred to the Film Fund by the National Agency for Fiscal Administration before 31 May of the current year for the previous year; it is not subject to regularisation according to the provisions of Article 66, paragraph (1) of Law No. 500/2002 on public finances, with subsequent amendments and completions.

Within 10 days from the entry into force of the provisions of this law, the Ministry of Public Finance will elaborate the procedure for applying the provisions provided in Government Ordinance No. 39/2005 on cinematography, with subsequent completions and modifications.