- Romania is considering wider use of the anti-VAT fraud reverse charge mechanism
- This mechanism removes VAT cash payment from a B2B customer to their supplier
- No further VAT payments occur through the chain until the final consumer
- Romania has a significant VAT Gap, losing about one-third of expected VAT
- In 2022, the nominal value of these losses was over 8 billion euros
Source: vatcalc.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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