- Romania’s government postponed implementation of new e-VAT regulation
- Changes in provisions will delay some aspects until January 1, 2025
- Aim of regulation is to increase VAT collection and reduce tax evasion
- Initial regulation had tight deadlines causing debate and complaints
- Companies subject to VAT must explain discrepancies in VAT operations
- Transitory period allows longer deadlines for providing VAT discrepancy notes
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.
