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
Emergency VAT measures to combat the financial impact...
Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...
SEE MORE
LATEST NEWS
Luxembourg confirm that VAT penalties issued for...
The Luxembourg tax authorities have confirmed that VAT penalties issued for the late filing of VAT returns have been reinstated. To find out how this update...
SEE MORE
LATEST NEWS
Bulgaria proposes cut in the VAT rate for e-books and...
The Bulgarian tax authorities are proposing a cut in the VAT rate for e-books and catering services from 20% to 9%. If accepted, this will be introduced on 1...
SEE MORE