Romania confirms the introduction of a SAF-T pilot scheme from January 2020

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

Brexit: actions to help you prepare

The transition period after Brexit comes to an end this year and even if a trade deal is agreed, there will be a host of changes to the current VAT regime that...

SEE MORE
LATEST NEWS

Indonesia confirms VAT on foreign e-commerce from 1...

From 1 September 2020, the Indonesian tax authorities will introduce VAT at 10% on all e-services transactions made by non-resident companies. Currently...

SEE MORE
LATEST NEWS

Portugal to introduce e-invoice serial numbers from...

From January 2021, the Portuguese tax office has confirmed that specific serial numbers issued by them will need to be shown on all taxpayers’ sales...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.