EASYTAX, VAT fiscal representative
18 July 2021
Share on print
Share on facebook
Share on linkedin
Share on twitter
Share on email

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.

Expert

NEED HELP ?

Rely on our experts to manage your international VAT obligations.

OTHER VAT BRIEFS VAT Payment
As part of implementing the split payment system in Poland, the Polish tax authorities published the white list of taxable persons on 1st September 2019. Among other things, this list...
From 1st February 2020 the split payment mechanism for VAT has been abolished. This mechanism obliged certain businesses receiving an invoice to settle the invoice they received by means of...
As a general rule, Spanish VAT returns must be submitted and paid by the 20th of the month following the reporting period. Exceptionally, VAT returns for December and the last...
Paragraphs 937 to 943 of Article 1 of the Finance Act of 27th December 2017 introduced measures to combat VAT fraud, with regard to the release for consumption of fuels...
Other VAT infoRomania
Mascot Easytax Long Sight

Tax Mag

VAT Updates per Month
Newsletter

NEWSLETTER

Get the latest news about VAT in Germany and the European Union straight to your mailbox.

we respect your privacy