Romania VAT compliance changes
Sun 10th Feb 2013
- A number of new services are to be considered as Romanian VAT exempt. These include around immovable property
- New transition process for companies joining the VAT cash accounting scheme
- Non-resident traders with a Romanian VAT number face an easier process for the restatement of the VAT number if struck off. They will be able to resubmit basic corporate documents, and the path to claim or pay any VAT amounts due has been improved
The above changes came into place on 1 February 2013.