Amendments to the Fiscal Code Romania June July 2010
Amendments to the Fiscal Code (Emergency Ordinance no. 54/2010, Official Gazette no. 421/ 23.06.2010 and Emergency Ordinance no. 58/2010, Official Gazette no. 431/28.06.2010)
Change of the VAT rate
New Registry of intra-community transactions
• From now on, all taxable and non-taxable persons which apply for VAT registration in Romania and intend to perform intra-community transactions should request registration in the Registry of intra-community operators.
• The registration in the Registry of intra-community operators will be made based on a request and submission of documents. The procedure and documents are detailed in Order no. 2101/2010.
• The taxable and non-taxable persons which are not registered for VAT purposes or whose administrator/associate is under criminal procedures can not be registered in the Registry of intra-community operators.
• Persons which are not included in the Registry of intra-community operators but are registered for VAT purposes in Romania are considered not having a valid VAT number for intra-community operations.
• Performing intra-community transactions by the persons not registered in the Registry of intra-community operators represents contravention and is sanctioned with a fine between RON 1,000 and 5,000.
Source: TPA Horvath
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