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Tax Revolution - Preliminary balance sheet before holidays

Tax Revolution - Preliminary balance sheet before holidays

The topic that has stirred the business environment in the last few months seems to be approaching a goal. The split VAT carousel started with universal application, disproportionate fines and a breach of the European law.

The initiatives of moderating these regulations lasted for several months, as a result of business pressures and ongoing negotiations with tax authorities and decision-makers. The legislation went through various stages: until it was published in the Official Gazette, it was debated in the commissions of the Senate and the Chamber of Deputies or was approved in the plenum of the Chamber of Deputies.

 

For complete information, please see the Romanian version of the article, here.

Authors

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ERNST & YOUNG SRL