Results 1 - 14 from 14 for "vat split"
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Romanian Government Repeals Split VAT Mechanism
12.23.2019
Romania's liberal government has repealed via emergency decree the split VAT mechanism that obliged companies to have separate, blocked accounts for VAT payments. more
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EC Requests That Romania End Its VAT Split Payment Mechanism
11.08.2018
The European Commission has decided to send a letter of formal notice to Romania for applying a split payment mechanism for VAT, the EC said in a press release Thursday. more
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President Klaus Iohannis Signs Split VAT Bill Into Law
12.27.2017
Romanian President Klaus Iohannis on Wednesday signed into law a bill making separate payment accounts for value-added tax mandatory for companies with bad records in VAT payments and insolvent more
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Romanian Senate Adopts Split VAT Bill
10.31.2017
Romanian senators on Tuesday adopted a bill making separate payment accounts for value-added tax mandatory for companies with bad records in VAT payments and insolvent businesses. more
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Just 0.014% of Companies in Romania Adopted Split VAT Accounts Starting October
10.03.2017
Only 175 of companies active in Romania, or 0.014% of the total, adopted separate payment accounts for the value-added tax starting October, the tax authority said Tuesday. more
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PwC Romania: 72% Of Firms Say They Need At Least 6 Months To Implement VAT Split Payment System
09.22.2017
Almost three quarters of companies participating in a survey conducted by PwC Romania believe they need at least six months to implement the VAT split payment system and less 2% think they will be more
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BCR Opens VAT Accounts For Its Corporate Clients
09.20.2017
Banca Comerciala Romana (BCR) will open value-added tax payment accounts for its corporate clients first on demand, then automatically, to allow them to comply with split VAT payment requirements, it more
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ProCredit Bank To Offer VAT Accounts Free of Charge
09.19.2017
Lender ProCredit Bank said Tuesday it will open value-added tax payment accounts for its SME clients free of charge, to help them comply with split VAT measures. more
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UniCredit Opens VAT Payment Accounts Free of Administration Charges
09.18.2017
UniCredit Bank announced Monday it will open split VAT payment accounts for its corporate clients that pay value-added tax, free for administration fees. more
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97.5% of SMEs Expect Split VAT Will Hurt Their Business
09.18.2017
A split VAT payment system and tax authorities' inability to manage it on a national level will prompt financial blockages and higher financing costs for companies, especially small and medium-sized more
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Foreign Investors Council Criticizes Split VAT
08.31.2017
The Foreign Investors Council (FIC) criticized the government's plan to impose separate payment accounts for value-added tax as of January 1, 2018 saying it will have a serious impact on the business more
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Romania To Make Split VAT Mandatory As Of January 1, 2018
08.30.2017
The Romanian government adopted on Wednesday, through an ordinance, the introduction of separate VAT payment accounts for companies in a bid to reduce tax evasion in the field. more
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Romanian Govt Expects RON6B in VAT Collections In 3 Years With Split VAT
08.23.2017
Romania expects to get RON6 billion in VAT collections in the period 2018-2020, or RON2 billion a year, if it requires separate VAT payment accounts for companies as of January 1, 2018, finance more
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Business Environment Opposes Govt Plans to Split VAT Payments
08.09.2017
Business owners and associations in Romania, as well as fiscal consultants, oppose the government's plans to introduce separate VAT payment accounts for companies, which would raise companies' costs. more