The Romanian Government has recently issued Emergency Ordinance No. 87, introducing amendments to e-Transport, e-VAT, and e-Invoice systems, as well as various fiscal-budgetary measures.
Tax experts from our Romanian member firm Taxhouse have analysed some of the most important provisions and amendments of the act which include:
Penalties for authorised economic operators required to declare international transports has been delayed until 1 January 2025.
The date of submission of pre-completed VAT returns has been modified to the 5th of the month following the legal deadline for VAT return. The threshold between pre-completed and submitted returns has increased from RON 1,000 to RON 5,000, with no penalties for non-compliance notifications until 1 January 2025.
New procedures for RO e-Transport have been introduced including real-time monitoring, driver and operator obligations, as well as rules for unreceived goods.
Clarification of VAT for non-reusable packaging within in the SGR guarantee-return system. Guarantees for SGR packaging are now not considered supply of goods/services for VAT purposes. Unreturned SGR packaging at year-end will be taxed as a supply of goods, based on the difference between received and returned guarantees.
You can read the full overview and analysis of the legislation here.
Thank you for downloading
For similar content to our Global Guide, subscribe to our mailing list and keep up to date.
