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Romanian Tax Administration Introduces Pre-Filled VAT Forms: Pros and Cons for Businesses

  • Romanian tax administration ANAF will introduce pre-filled RO e-TVA forms
  • New system based on information from tax declarations and reports submitted from July 2024
  • Taxpayers must adjust pre-filled VAT declarations to reflect reality
  • Benefits of e-TVA system include no debt to tax authorities, potential to replace other reports, and improve cooperation between government agencies
  • Disadvantages include lack of clarity on importance of different information sources, increased workload for taxpayers and accountants, and potential fines for non-compliance with conformity requests
  • Non-compliance with conformity requests may lead to fines and tax audits
  • Authorities will not take responsibility for pre-filled values, and the formalism of these systems may lead to burdens for taxpayers.

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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