EY ROMANIA

  |  2018-01-10

Alex Milcev, EY: We developed an application to help companies to comply more easily to the VAT system split

2018 started with a new set of rules on VAT, by the entry into force of the mechanism of VAT split.

Even though it targets only companies which are insolvent or have debts to pay VAT, actually, the obligations of all the value added tax have become more complex with effect from 1 January. Thus, in addition to the obligation to verify that their suppliers have a valid VAT code, if this code has been declared inactive and if subject to VAT to the collection, businesses need, starting this year, check and if these suppliers apply VAT payment broken down.

 

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

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