VAT
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Ponta Says Romania Informed IMF Of Decision To Change VAT Legislation
Romanian Prime Minister Victor Ponta on Monday said the Government has informed the International Monetary Fund of its intention to allow VAT payments upon cashing in invoices for companies...
ANAF Must Pay Penalties Of RON6M To Refinery For Failing To Refund VAT
The Romanian High Court of Justice decided at the beginning of July that tax authority ANAF must pay interest of about 6 million lei (EUR1.3 million) to refinery Steaua Romana as penalty for...
Paying VAT After Invoices Are Cashed Is A Breath Of Fresh Air For Companies, But IMF And EU Consent Is Necessary
Payment of VAT when invoices are paid, not when they are issued, for companies with turnovers of up to EUR500,000, would be beneficial for companies with liquidity problems and could help ec...
Romania To Pay VAT Refunds Worth RON1.3B In July
Romanian tax authority ANAF will pay value added tax refunds worth 1.3 billion lei (EUR287 million) in July, of which RON32.6 million represents compensations.
Romania To Lower VAT On Food Most Likely In 2013 – Minister
Romania’s budget for 2013 will state a 9% value added tax on food products, Agriculture Minister Daniel Constantin said Tuesday.
Romania To Pay VAT Refunds Worth Over RON1B In June
Romanian tax authority ANAF said Tuesday it will pay value added tax refunds worth 1.08 billion lei (EUR242 million) in June, of which RON70.5 million represents compensations.
IT&C Ministry Wants To Develop Web Application For VAT Refund
Romania’s Communications Ministry wants to launch a web application through which firms will be able to submit value added tax refund requests, IT&C Minister Dan Nica said Tuesday.
Romania Raises Turnover Threshold For VAT Exemption To EUR65,000
Romania's Government has issued an ordinance whereby self-employed people and micro-enterprises with turnover below EUR65,000 per year will be exempt from paying VAT.
Self-Employed Romanians Earning Less Than EUR65,000 Per Year To Be Exempt From VAT Payments
Romania's Government will approve Wednesday an ordinance whereby self-employed people with income below EUR65,000 per year will be exempt from paying VAT, a decision that will affect artists...