A draft normative act recently published by the Ministry of Finance regulates the possibility for economic agents to reduce the VAT tax base with price reductions that are not granted directly to customers in the commercial chain, but which have the effect of reducing the price paid by the final consumer. The impact will be felt especially in the pharmaceutical industry, it is stated in the statement of reasons of the draft normative act, the authorities’ estimate being that the budgetary effect will be minus 290 million lei as a result of this legislative change.
Source: blog.pwc.ro
Latest Posts in "Romania"
- Antreprenorii Must Know Their Businesses: SAF-T Reveals More, But Doesn’t Help Struggling Companies
- Romania Eases RO e-Invoice Rules for Small Businesses and Individuals
- Romania expands taxpayer obligations regarding RO e-invoice register
- Romania Expands RO e-Invoice Registration: New Form 082, More Entities Required by 2025-2026
- Romania Enhances VAT Refund Controls with New Risk-Based Criteria
