Tax Consolidation in Romania: Requirements, Conditions, and Procedures for Taxpayers in an Organizational Group

• Romanian tax law allows multiple taxpayers in Romania to form a VAT group
• Members of the group must be legally independent but financially, economically, and organizationally closely connected
• Conditions for the group include ownership of more than 50% of capital by the same shareholders
• A taxpayer can only be a member of one group for a minimum of two years
• All group members must use the same reporting period for VAT declarations
• The central tax authority is responsible for managing taxpayers in a group
• An application signed by all legal representatives of group members must be submitted to the tax authority for group formation
• The tax authority must make a formal decision on group formation within 60 days
• The group starts functioning on the first day of the following month after the decision is announced
• Reporting obligations include notifying the tax authority of any changes or events during the existence of the group

Source: adz.news

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.

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