Romania: VAT measures

Alessandro PasutAn amendment to the Fiscal Code was recently published with some measures regarding VAT. Beneficiaries purchasing goods/services from inactive taxpayers or from other taxable persons that have been de-registered for VAT purposes may deduct the VAT corresponding to these services for goods purchased under an enforcement procedure and for goods / services purchased from suppliers in bankruptcy proceedings under Law 85/2006. Taxable persons who do not have a valid VAT code can deduct the VAT on acquisition of goods and/or services for transactions to be made after their registration. The VAT deduction is performed in the first VAT return after the taxable person’s registration for VAT purposes. For companies established according to Law 31/1990, the registration for VAT purposes is cancelled if the main shareholders have or, if the case, the sole shareholder has criminal offenses in their fiscal record.


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