- Romania’s Supreme Court (ÎCCJ) ruled that the right to carry forward a negative VAT balance in later VAT returns is not subject to prescription.
- Crowe Romania says the ruling may create more confusion than clarity, especially for VAT balances older than the general 5-year limitation period.
- Unclear questions remain on whether old VAT balances can be reintroduced, used for offsetting, or rechecked later even if they were not claimed for refund.
- The decision could force companies to keep records longer than current legal retention periods and may lead to longer tax inspections or higher compliance costs.
Source: financialintelligence.ro
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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