Romania Launches Tax Reforms to Curb Evasion, Streamline Share Transfers, and Reduce Bureaucracy

• Romania has introduced comprehensive tax reforms to combat tax evasion and reduce bureaucracy.
• The reforms expand monitoring of all share transfers in companies with outstanding tax debts and require prior reporting to authorities.
• Redundant administrative procedures are being eliminated due to digitalisation, including the removal of the “RO e-TVA compliance notification.”
• Taxpayers will access tax risk classifications digitally until the end of 2026, suspending written request requirements.
• Amendments to excise warehouse authorisation procedures aim to support economic operators by adjusting financial guarantees and risk criteria.

Source: regfollower.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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