All taxable persons and public institutions registered for VAT purposes under Art. 316 of the Fiscal Code will be required to open separate VAT accounts for receiving and making VAT payments. VAT accounts will be opened, by default, with the various treasury units within the tax offices where taxpayers are registered. However, any taxpayer can opt to open an account with a commercial bank (although, currently, not all banks operating in Romania have the relevant infrastructure to open these types of bank accounts). The VAT split payment mechanism will apply to all taxable supplies of goods/services, from a VAT perspective, with the exception of transactions subject to the special regimes (e.g. the special scheme for small enterprises, the special scheme for travel agents, the special scheme for second-hand goods) and those subject to the reverse charge mechanism (Art. 307, par. 2-5 or Art. 331 of the Fiscal Code).
©2021 KPMG România S.R.L., o societate cu răspundere limitată de drept român, membră a organizației globale KPMG, compusă din societăți membre independente afiliate KPMG International Limited, societate privată engleză cu raspundere limitată la garanții. Toate drepturile rezervate.
Pentru mai multe detalii despre structura globală a KPMG, accesați https://home.kpmg/governance