SPLIT VAT
12 articole · RSS
Romanian Government Repeals Split VAT Mechanism
Romania's liberal government has repealed via emergency decree the split VAT mechanism that obliged companies to have separate, blocked accounts for VAT payments.
EC Requests That Romania End Its VAT Split Payment Mechanism
The European Commission has decided to send a letter of formal notice to Romania for applying a split payment mechanism for VAT, the EC said in a press release Thursday.
President Klaus Iohannis Signs Split VAT Bill Into Law
Romanian President Klaus Iohannis on Wednesday signed into law a bill making separate payment accounts for value-added tax mandatory for companies with bad records in VAT payments and insolv...
Romanian Senate Adopts Split VAT Bill
Romanian senators on Tuesday adopted a bill making separate payment accounts for value-added tax mandatory for companies with bad records in VAT payments and insolvent businesses.
Just 0.014% of Companies in Romania Adopted Split VAT Accounts Starting October
Only 175 of companies active in Romania, or 0.014% of the total, adopted separate payment accounts for the value-added tax starting October, the tax authority said Tuesday.
BCR Opens VAT Accounts For Its Corporate Clients
Banca Comerciala Romana (BCR) will open value-added tax payment accounts for its corporate clients first on demand, then automatically, to allow them to comply with split VAT payment require...
ProCredit Bank To Offer VAT Accounts Free of Charge
Lender ProCredit Bank said Tuesday it will open value-added tax payment accounts for its SME clients free of charge, to help them comply with split VAT measures.
UniCredit Opens VAT Payment Accounts Free of Administration Charges
UniCredit Bank announced Monday it will open split VAT payment accounts for its corporate clients that pay value-added tax, free for administration fees.
97.5% of SMEs Expect Split VAT Will Hurt Their Business
A split VAT payment system and tax authorities' inability to manage it on a national level will prompt financial blockages and higher financing costs for companies, especially small and medi...