Romania VAT compliance changes
- European News
- 10 February 2013 | Richard Asquith
- A number of new services are to be considered as Romanian VAT exempt. These include around immovable property
- New transition process for companies joining the VAT cash accounting scheme
- Non-resident traders with a Romanian VAT number face an easier process for the restatement of the VAT number if struck off. They will be able to resubmit basic corporate documents, and the path to claim or pay any VAT amounts due has been improved
The above changes came into place on 1 February 2013.
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.