- Romania is implementing an e-VAT system starting from August 1, 2024
- The system will pre-fill VAT returns with data gathered from various sources
- Companies must still submit their VAT returns and explain any discrepancies
- The system will apply to all taxable transactions since July 1, 2024
- The pre-filled VAT return will be accessible through the Virtual Private Space
- Taxable persons must check, modify, and complete the information in the VAT return
- Romanian tax authorities will perform checks between pre-filled and actual data
- NAFA will notify taxpayers of significant discrepancies by the 5th of the month following the VAT return submission deadline.
Source: michaelamerz.org
See also Draft Legislation
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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