Friday, January 17, 2020

Romania withdraws VAT Split Payment System

The Romania is abolishing its VAT split payment mechanism from 1 February 2020. The cancellation was following the warning from the EU commission that the regime infringes the EU VAT rules and the freedom to provide services (Article 56 TEFU). Romania requested for a derogation from the pertaining Directive but was rejected by the commission. […]

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