The VAT split payment mechanism is to be eliminated as of 1 February 2020. Within 10 days of the date of elimination of the VAT split payment mechanism, the State Treasury will automatically transfer the existing available VAT amounts to the accounts of holders who previously applied said mechanism.
Taxpayers who do not hold an account with the State Treasury should communicate their bank account details to the authorities. Where this does not occur, the authorities will themselves request this information from the taxpayers.
Source: Emergency Ordinance no. 78/2019 regarding the modification of normative acts and the establishment of measures in the field of agriculture, and for the approval of fiscal budgetary measures, published in the Official Gazette, Part I, no. 1031, of 23 December 2019.
