Another very important element that will come into effect on 1 September is a VAT account. For those who are VAT payers, Romanian state wants to reduce VAT and, as in recent years, VAT collection is somewhere at 73-74%. The impact is that we annually lose somewhere between 16 and 20 billion RON. Starting with […]
The Mini One Stop Shop (MOSS) has been a debated subject ever since its introduction in 2015. The MOSS scheme is applicable for digital services, provided through internet or electronic network that can be provided with minimum human intervention). Given the definition, one (or more) may wonder why not include the e-commerce in this category.? […]
Taxpayers are no longer required to submit the Statement 088 on the intention and capacity to carry out operations requiring VAT registration; The default cancellation of the VAT registration for taxpayers that cannot justify their intention and capacity to carry out operations requiring VAT registration is applicable only to taxpayers considered posing a fiscal risk. […]
But what to do when your business grows so much that clients from outside your country border are interested in the goods you provide? Establishing international presence If you can sell online, why limit yourself to the country of your residency? Most of you, business owners, will dismiss this idea because of the international tax […]
Based on the latest governance programme, one of the Government’ s objective is to reduce taxpayers’ excessive administrative tasks, therefore ANAF has analyzed and decided the removal of the 088 statement. In order to avoid blocking the activity of taxpayers’ registration for VAT purposes and ensuring their further economic activity, the repealing order regarding the […]