Taxand Romania explains the VAT split payment mechanism.
Government Ordinance no. 14/2017 published in the Official Gazette no. 706 of 31 August 2017.
Discover more: Introduction of the VAT split payment mechanism
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Taxable persons registered for VAT purposes who choose to apply the VAT split payment mechanism between 1 October – 31 December 2017 may benefit from the following tax incentives under certain conditions: