16 October 2019
The Romanian tax authorities have confirmed that they are on track to introduce a mandatory SAF-T by the end of 2020, and will proceed with a pilot scheme for large taxpayers from January 2020
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 Poland, Portugal, Austria, Luxembourg, France and Lithuania. Hungary is also planning to introduce SAF-T in 2021.
LATEST NEWS
Romania to introduce mandatory business to government...
The Romanian tax authorities have confirmed that businesses that sell to government departments will be required to issue e-invoices from 1 July 2022. Since...
SEE MORE
LATEST NEWS
New EU e-commerce packages – EU confirms initial...
The European Union (EU) has released statistics showing that the introduction of the EU e-commerce packages in July last year, has been a success. The figures...
SEE MORE
LATEST NEWS
Australia raises AUS$760 million in GST after...
The Australian Board of Taxation has announced that since the removal of the Low Value Imported Goods (LVIG) regime in July 2018, it has collected GST on low...
SEE MORE