Romanian SAF-T returns mandatory starting January 2022
Romanian tax authorities announced mandatory accounting SAF-T returns to be implemented for all taxpayers in Romania until 2025.
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Romanian tax authorities announced mandatory accounting SAF-T returns to be implemented for all taxpayers in Romania until 2025.
The VAT rates raise will affect the food and housing sectors, effectively January 2023
Romania approved mandatory B2B e-invoicing for certain transactions considered of high risk for tax evasion. The requirement applies also for foreign companies.
Romanian authorities announced that VPS will be mandatory for all taxpayers as from 1 March, 2022. Also, draft clarifications on SAF-T were released.
Plans for a split payment mechanism have been abolished in Romania after challenges received from the EU.
Romania will introduce the split VAT payment mechanism as from 1 October 2017.
The Romanian authorities have updated the forms used to submit VAT returns and the forms of ECSL returns.
The Romanian authorities have updated the forms used to submit VAT returns and the forms of ECSL returns.
The recent elections results in Romania have raised doubts about the expected VAT rate decrease of 20% to 19% on 1 January 2017.
The Romanian government plans standard VAT rate reduction from 20% to 19%.