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Tag Archives: split VAT

Update: Economic and Social Council, SMEs employers, Fiscal Council – negative opinions on the tax reform

tax-code

The Economic and Social Council (CES), which includes trade unions, employers’ associations and civil society representatives, has given a negative opinion on the amendments proposed by the Government regarding the Tax Code. The vote was overwhelmingly negative, one of the ...

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Senate passes law on split VAT

split vat

The Senate has passed the draft law on split VAT on Tuesday, which will be optional for all economic operators, except for those in insolvency procedures or those not fulfilling the tax obligations regarding the VAT for a longer interval. ...

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Pension law to be postponed, split VAT only for bad payers

pensionari

The PSD-ALDE ruling coalition has decided, during the sitting on Wednesday, to enforce the split VAT as of January 1, only for bad payers or by companies facing insolvency. For all the other companies the split VAT is optional. According ...

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EY Romania: Split VAT payment system is far from perfect

vat

The mandatory application of the VAT split payment should be eliminated, being a system that is far from perfect, EY representatives show in a press release. They suggest the postponement of the obligation of VAT split implementation by 1 January ...

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PM Mihai Tudose: Split VAT will no longer be mandatory for all companies

split VAT

Prime Minister Mihai Tudose has announced on Friday that the split VAT will no longer be compulsory for all companies, but only for those in insolvency, bankruptcy, or registering delays in paying the VAT. Asked what would happen with the ...

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PwC’s Anghel: State budget fails to collect about 38 pc of VAT

split VAT

Romania does not fare well as far as collected VAT is concerned. According to Daniel Anghel, head of indirect rates and taxes at PwC Romania, the state budget fails to get about 38 percent VAT. ” As regards the value ...

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