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The position of IMM Romania regarding the draft amendment to the Fiscal Code that provides the increase of the level for VAT registration purposes

The position of IMM Romania regarding the draft amendment to the Fiscal Code that provides the increase of the level for VAT registration purposes

According to Directive (EU) 2020/285, member states were required to amend national legislation by 31.12.2024, so that on 01.01.2025 the changes regarding the application of the VAT regime would take effect

IMM Romania, the only nationally representative employers' confederation for SMEs, calls for the transpositioning with celerity of the provisions of Directive (EU) 2020/285 amending Directive 2006/112/EC on the common system of value added tax as regards the special scheme for small enterprises.

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

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