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Authors: Georgiana Iancu, Partner, Fiscal and Legal Assistance, coordinator of the Indirect Taxes Department and Mihai Petre, Director, International Trade, EY Romania
Longer delivery times, VAT and customs duties to be paid on the spot, plus the need for customs clearance of goods, all doubled by the need to adapt IT systems and personnel specialized in customs operations, this is just the top of the iceberg called "Brexit" which will hit the Romanian economic operators, which have trading partners from Great Britain, starting with January 1, 2021.
For more information, please see the Romanian version of the article, here.
