Romania – introduce automatic registration
Tuesday June 1, 2010
The Romanian tax authorities have introduced a mechanism that will automatically change the VAT status of taxable persons in certain circumstances. This will include:
- automatic registration for VAT of taxable persons that are liable to be registered for VAT but have not complied with this obligation;
- the automatic de-registration of VAT registered taxable persons that are inactive; and
- the automatic de-registration of taxpayers that are not required or entitled to be registered for VAT.