European UnionRomania ECJ C-612/20 (Happy Education) – Questions – School after school program VAT exempt? 17 January 2021
Romania Threshold for simplified cash-based VAT reporting increased from RON 2.25m to RON 4.5m per year 17 January 2021
Romania Reduced VAT rate of 5% for certain residential properties to individuals in 2021 08 December 2020
European UnionRomania ECJ C-323/12 (E. ON Global Commodities SE) – Judgment: A tax representative did not constitute a Fixed Establishment 05 December 2020
European UnionRomania ECJ C-487/20 (Philips Orăştie RO) – Questions – Withholding VAT refund due to assessment that was already annulled by a judgment (but which is not yet final) 28 November 2020
Romania From 1 September 2020, it became mandatory to report transactions with local affiliates in Local Listing 27 November 2020
Romania The value of homes for which a reduced rate of 5% VAT is applied – increased from next year 24 November 2020
Romania From 1.1.2021 the 5% VAT rate will also apply to more expensive homes in Romania 24 November 2020
Romania Recent amendment on the Romanian Fiscal Code impacting the real estate sector 21 November 2020
Romania Romania’s Govt. to draft 2021 budget, but not endorse it before elections (Dec 2020) 07 November 2020
Romania General VAT compliance obligations and registration requirements for Romanian companies 07 November 2020
Romania COVID-19: Extension of VAT refunds without a VAT audit, 5% penalty for late payment of VAT 07 November 2020
Romania Indirect tax measures: VAT rates, vouchers, VAT impact of PPE provided for free to employees, …. 31 October 2020
European UnionRomania ECJ C-358/20 (Promexor Trade vs RO) – Question – Revoking VAT identification number 22 October 2020
European UnionRomania ECJ C-333/20 (Berlin Chemie A. Menarini SRL) – Question – Fixed establishment via affiliate? 05 October 2020
European UnionRomania ECJ C-501/19 (UCMR – ADA) – AG Opinion – Collective management of copyright on musical works 01 October 2020
Romania The reverse-charge mechanism for supplies susceptible to fraud was extended until 30 June 2022 01 October 2020
Romania PwC: Romania’s budget loses 1/3 of VAT annually, state has difficulties in performing main functions 22 September 2020
LatviaRomania Council Implementing Decisions Published Authorizing Latvia and Romania to Continue Increased VAT Registration Thresholds 15 September 2020
Romania Taxable persons whose annual turnover is no higher than EUR 88,500 can be VAT exempt 15 September 2020
European UnionRomania Extension the Authorization for Romania to Limit the VAT Deduction Right for Motorized Vehicles to 50% 10 September 2020
European UnionRomania ECJ C-182/20 (Administraţia Judeţeană a Finanţelor Publice Suceava and Others) – Questions – Input VAT deduction prior to insolvency proceedings 26 July 2020