The project, called e-invoice, will be developed in partnership with the Finance Ministry and tax authority ANAF, said Nica, adding that six other European states, among which Italy, Sweden and Spain, implemented the system.
According to Nica, the project will be financed with EU funds estimated at some EUR2-3 million.
The application will avail small and medium enterprises, which will no longer need consultants to fill in VAT reimbursement requests.
“Currently, the VAT refund procedure is pretty complicated and requires numerous forms. (…) Through this application, forms will be rendered logical and tax authorities will no longer come with their own interpretation,” said Nica.