- European Commission adopted Proposed Council Implementing Decision No. COM (2024) 154 for Romania
- Romania requested extension of derogation from Article 168 and Article 26(1)(a) of VAT Directive
- Measures include authorizing Romania to deduct 50% VAT on motorized road vehicle expenditures not used exclusively for business purposes
- Categories of motor vehicles not subject to VAT deduction specified
- Private use of specific vehicles for non-business purposes not treated as supply of services
- Decision effective upon notification and valid until Dec. 31, 2026
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.
Latest Posts in "Romania"
- ANAF Uncovers €3.6 Million VAT Fraud Scheme Involving Eight Companies and Real Estate Deals
- Romania Launches Tax Reforms to Curb Evasion, Streamline Share Transfers, and Reduce Bureaucracy
- VAT Cash-Accounting Thresholds Increased with Transitional Measures Effective March 2026
- Romania Delays Mandatory E-Invoicing for Individual Entrepreneurs to June 2026, Adds Deregistration Option
- Romania – VAT law – Law 227/2015 updated
