VAT could be paid after 30 days, Senate says

A project stating that the Value Added Tax (VAT) can be paid 30 days after the invoice is paid passed the Senate yesterday but it still needs the Lower House approval to be enforced. VAT is currently paid when the invoice is paid. However, the project was not supported by the Finance Ministry, whose representatives said this will have a negative impact on the state budget.

Romania Insider
Free Newsletters

Be up to speed with what’s happening in Romania! Choose from our 7 newsletters, covering the entire array of business, social, politics, and entertainment news

Subscribe now