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Romania: Two new tax laws introduce VAT split payment mechanism and important changes to the Tax Code

04/09/2017

On 31 August 2017, Ordinance no. 23/2017 – which introduces a new split payment mechanism for VAT – was published in the Official Gazette. The VAT split payment mechanism will become mandatory on 1 January 2018, but taxpayers may elect to participate on 1...

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Authors

Portrait ofRoxana Popel
Roxana Popel
Head of Tax, Romania
Bucharest
Portrait ofAndrei Tercu
Andrei Tercu
Consultant
Bucharest