Starting with the reporting period for July 2016, the legal deadline for submitting form 394 (the local sales and purchases list) is changed to the 30th of the month following the reporting period. If the reporting period is the calendar… Read moreSubmission deadline changed for form 394
Under Order 1155/ 868/2016, the reduced 9% VAT rate applies for the following categories of goods: – Fertilizers; – Pesticides; – Seeds and other agricultural products for seeding or planting. The Order specifically includes the NC codes for each of… Read moreStarting 1 August 2016, the reduced 9% VAT rate is applicable for specific goods /services used in the agricultural industry
In the automotive industry and manufacturing sector, contracted goods are often produced using equipment, moulds, tools, etc. made available to suppliers by the buyers of goods. The ownership always belongs to the contracting companies and they do not charge any… Read moreRomania aligns with European standards in terms of VAT treatment of moulds and production equipment
