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VAT split payment - what is the effect on increasing the collection rate on the budget?

VAT split payment - what is the effect on increasing the collection rate on the budget?

ERNST & YOUNG SRL

9 Aug 2017

Forced to make "spells" to increase VAT collection to the budget, the government comes up with a new hot topic: the draft Ordinance that is supposed to implement a new VAT split payment system.

There has already been much talk about this topic, how it works, who is applying it, what penalties awaits us if we do not comply. The question that remains, however, is how does this split payment help us? More specifically, what is the effect, in figures, on increasing the VAT collection rate on the budget?

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

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ERNST & YOUNG SRL

ASSURANCE SERVICES Statutory audits; Audits of IFRS or US GAAP…

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