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Imprisonment up to 15 Years for VAT Fraud in Romania

|Approved Changes|Romania
Romania

Romania has published Law No. 125 of 19 May 2023 in the Official Gazette, which transposes Article 3(2)(d) of Directive (EU) 2017/1371 on the fight against fraud to the Union's financial interests by means of criminal law. The law provides for the introduction of a criminal offense punishable by imprisonment of 7 to 15 years and the prohibition of the exercise of certain rights for any action…

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