Amendments to the tax code have been agreed by the Romanian Government. The VAT amendments include:

  • Businesses purchasing goods or service from inactive or deregistered taxpayers may deduct VAT incurred if the supplier is in bankruptcy proceedings.
  • From 1st September 2013 the reduced rate of VAT of 9% applies to the supply of bread, wheat and flour
  • From 1st September 2013 the reverse charge applies to the supply of energy to taxable persons and for transactions with green certificates.
By |August 6th, 2013|