- Romania to enforce e-VAT regulations starting August 1, 2024
- Aimed at fighting tax evasion
- Companies subject to VAT must validate monthly list of VAT operations declared by business partners
- Failure to comply may result in tax inspections and fines
- VAT list received for validation on 20th of each month, must be validated by 25th
- Failure to provide information is indicator of fiscal risk
- ANAF may initiate fiscal inspection or anti-fraud control based on fiscal risk rating
- Concerns raised by accountants about lack of discussion, potential bottlenecks, and frequent discrepancies in VAT lists
Source: romania-insider.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
