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Romania Ends Mandatory VAT Split Payments

|Approved Changes|Romania
Romania

Romania has decided to end mandatory VAT split payment requirements. The split payment system was first introduced on a voluntary basis from 1 October 2017, and then on a mandatory basis from 1 March 2018, but only for certain taxpayers ({News-2018-01-19/A/8-previous coverage}). However, Romania's request to derogate from EU rules with the split payment system was rejected due to concerns with the administrative burden for affected businesses, with the European Commission sending a formal not…

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