Romania Publishes Draft Ordinance to Implement EU Small Business Scheme for Cross-Border Supplies Including Increased VAT Registration Threshold

Romania's Ministry of Finance has published the Draft Ordinance amending and supplementing Law No. 227/2015 on the Fiscal Code, which provides for the implementation of measures to comply with EU VAT law, including the introduction of the EU small business scheme for cross-border supplies in accordance with Council Directive (EU) 2020/285 of 18 February 2020. This essentially provides that a t…
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