{"id":704,"date":"2024-07-01T06:18:44","date_gmt":"2024-07-01T06:18:44","guid":{"rendered":"https:\/\/ofero.news\/?p=704"},"modified":"2024-07-01T06:18:44","modified_gmt":"2024-07-01T06:18:44","slug":"romanias-government-postpones-hard-implementation-of-new-e-vat-regulation","status":"publish","type":"post","link":"https:\/\/ofero.news\/?p=704","title":{"rendered":"Romania\u2019s government postpones hard implementation of new e-VAT regulation"},"content":{"rendered":"<p>Romania\u2019s government adopted Thursday, June 27, an emergency ordinance that changes some of the provisions in the e-VAT regulation enacted on June 21 in the sense that some of the provisions related to e-VAT will be delayed until January 1, 2025, <a href=\"https:\/\/economedia.ro\/ministrul-finantelor-anunta-ca-se-amana-cu-6-luni-termenele-din-ro-e-tva.html?mc_cid=d85abc3056&amp;mc_eid=cd1f92f96c\" target=\"_blank\" rel=\"noopener\">Economedia.ro<\/a> reported.\u00a0<\/p>\n<p>The new e-VAT regulation is aimed at increasing VAT collection and reducing tax evasion, as Romania currently has the highest VAT gap in the EU.\u00a0<\/p>\n<p>However, the tight deadlines included in the initial regulation have sparked intense debate and complaints from professional associations of accountants related to the excessive volume of work involved and the deadlocks a mechanism insufficiently discussed in advance may generate.\u00a0<\/p>\n<p>Under the e-VAT mechanism as enforced under OUG 170\/2024, the companies (subject to VAT) are compelled to explain the discrepancies between the list of VAT operations as collected by the authorities from secondary sources (primarily the e-Invoice system) and the VAT operations as declared by the companies themselves.<\/p>\n<p>However, during the transitory period, companies will have longer deadlines to provide the VAT discrepancy notes.<\/p>\n<p><em>iulian@romania-insider.com<\/em><\/p>\n<p><em>(Photo source: <a href=\"https:\/\/www.dreamstime.com\/\" target=\"_blank\" rel=\"noopener\">Juan Moyano\/Dreamstime.com<\/a>)<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Romania\u2019s government adopted Thursday, June 27, an emergency ordinance that changes some of the provisions in the e-VAT regulation enacted on June 21 in the sense that some of the provisions related to e-VAT will be delayed until January 1, 2025, Economedia.ro reported.\u00a0 The new e-VAT regulation is aimed at increasing VAT collection and reducing [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-704","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=704"}],"version-history":[{"count":0,"href":"https:\/\/ofero.news\/index.php?rest_route=\/wp\/v2\/posts\/704\/revisions"}],"wp:attachment":[{"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ofero.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}