EASYTAX, VAT fiscal representative

Romania: Fractional Payment Scheme Abolished

Following the rejection of its plan by the European Commission, and after several postponements, Romania has finally cancelled the introduction of the fractional payment scheme, a scheme that has already been implemented in Italy and Poland. However, Romania still intends to develop the SAF-T (Standard Audit File for Tax) which is an international standard for the electronic exchange of data from organisations to a national tax authority or external auditor. This is scheduled to be implemented by the end of 2020.

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