The Romanian Senate adopted the bill on October 31 and the Chamber of Deputies adopted it on December 13.
Romania’s government adopted a decree late August making separate payment accounts for the value-added tax mandatory as of January 1, 2018 for all companies. The move, which the government said it would introduce to curb tax evasion, was criticized by businesses and financial analysts as excessive and hasty. The bill was later amended in Parliament to include only insolvent companies and companies that registered delays in VAT payments.