(P) Tax Flash: Amendments to the requirements provided for VAT registration

Order No. 518 / 2012, published in Official Gazette No. 264 / 23 April 2012) The Order amends the requirements of VAT registration for Romanian legal entities, except joint stock companies and partnerships limited by shares. According to the new provisions, shareholders of a taxable entity requesting VAT registration, regardless of their shareholding, are required not to have mentioned in their fiscal record crimes and/or other deeds that are provided for under Art. 2, para. (2) of Government Ordinance No. 75/2001, as subsequently amended. By Venkatesh Srinivasan, Partner – Head of Tax and Legal, Ernst & Young Romania (P) – this article is an advertorial