- Romania Tax Agency published Law No. 33/2024 to combat VAT fraud
- Law amends reporting obligations for cross-border payment service providers
- Measures include transposing EU Council Directive 2020/284, defining key terms, and establishing recordkeeping requirements
- PSPs must maintain electronic records for three calendar years and submit quarterly reports by the last day of the following month
- Centralizing document required for price reductions not granted directly to the customer
- Law enters into force on March 16
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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