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