The bank said it will open accounts for all its clients in due time so they may use them as of October 1, 2017.
Romania’s government adopted a decree making separate payment accounts for the value-added tax mandatory as of January 1, 2018. Companies may implement the measure voluntarily starting October.
UniCredit said new VAT accounts may be activated by their holders within 90 days with no administration fees and will exempt customers from trading fees for a three-month period.