26 October 2021
The Romanian tax authorities have confirmed that it is now on track to introduce a mandatory SAF-T by 1 January 2022. The SAF-T file, which is a way for the tax authorities to exchange VAT data with businesses in a more secure, accurate and efficient way, will be mandatory for all VAT registered businesses.
These files are already in use in several EU countries including, Austria, France, Lithuania, Luxembourg, Poland and Portugal. Hungary is also planning to introduce SAF-T in 2021.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
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