Romania To Increase VAT Ceiling, Allow VAT Deductions On Car Purchases - Draft

05.22.2012 By Ecaterina Craciun

The turnover ceiling above which Romanian companies have to pay value added tax will be hiked to EUR65,000 and the right to sales tax deductions on car purchases will be limited and, in some cases, eliminated, according to a draft emergency ordinance amending Romania’s Tax Code.

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