Overview of Amended e-VAT Ordinance: Key Provisions for Romanian Companies to Prepare for

• Romanian Government published Emergency Ordinance no. 70/2024 on 21st June 2024
• Purpose is to implement pre-filled RO e-VAT return starting 1 July 2024
• Amended Ordinance published on 28 June 2024 as Emergency Ordinance no. 87/2024
• e-VAT return implemented for all taxable persons in Romania from 1 August 2024
• Tax authorities fill in e-VAT return using information from other returns and reports
• Differences in VAT values between e-VAT return and taxpayer’s return must be explained
• Taxpayers must respond to notification and explain differences within 20 days
• Failure to respond may result in fines and inclusion in list of high risk taxpayers

Source: business-review.eu

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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