Michaela Merz


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Romania – It’s very difficult to get registered for VAT purposes


Romania has a very high fraud in the VAT field and this is why the authorities had put in place a VAT registration process for resident entities, which is far more demanding compared to similar processes in other EU countries. Continue reading


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Romania – Update on split payment introduction as per 1st of January 2018


Referring  VAT split payment  the Romanian Senate has approved and further on passed on the amended law related to the VAT split payment system to the Deputy Chamber (i.e. the second institution within the Romanian Parliament that has decisional powers in fiscal matters). Continue reading


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Romania – VAT split payment postponed till 2019


The Romanian senators from the budget finance committee discussed and proposed some amendments related to the VAT split payment system.

On 10 October 2017 the senators decided to return the proposed amendments to the budget finance committee for a week to clarify the effective impact of this measure on the Romanian State Budget (in case the system will be applied only to a limited number of companies and not in a generalized form). Continue reading


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Romania – Update on VAT split payment


Referring to the information on VAT split payment in Romania I would like to update you as follow:

This week the Romanian senators from the Budget Finance Committee discussed and proposed some amendments related to the VAT split system. Continue reading


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CEE VAT antifraud conference – Budapest


PwC_farbigAs already announced the CEE VAT antifraud conference took place on November 19, 2015.

Officials from the ministries of finance and economy of five CEE countries (Czech Republic, Hungary, Poland, Romania and Slovakia) have called for a Joint Approach to combat VAT fraud and increase VAT collection in a conference hosted today by PwC in Budapest. Continue reading


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Romania – The New Fiscal Code – provisions entering into force as of 1 January 2016


I would like to inform you about the new amendments to the Romanian VAT legislation, which will enter into force as of 1 January 2016.

Please be informed that the most important change is the decrease of the standard VAT rate from 24% to 20% starting with 1 January 2016, and from 20% to 19% as of 1 January 2017. In addition to the above, please find below a selection of other VAT provisions entering into force starting with 1 January 2016 which may also be of interest: Continue reading