One year since the European Commission asked the Government to eliminate the VAT split. Romania risks infringement

The government did not “succeed” in eliminating the VAT split even a year after the European Commission informed the Romanian authorities that the breakdown payment mechanism is an abuse of companies and that it will initiate the infringement procedure if Romania does not give up this instrument. Following successive steps obtained by Romania from the Commission this year, currently a draft law that makes the mechanism completely optional has barely passed the Senate vote. Romania risks reaching the Commission infringement procedure if it does not eliminate at least January 1 the VAT split, which is currently mandatory for certain categories of companies

Source Profit.ro

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