The VAT simplification measures or “Quick Fixes” provided for under Council Directive (EU) 2018/1910 were transposed into Romanian legislation. These “Quick Fixes” cover the following:
- the documentation required when treating intra-community supplies of goods as VAT exempt;
- chain transactions where the VAT exemption applies only to the transaction carried out with the intermediary (as a general rule);
- the standardisation of the simplification measures applied at the level of all Member States regarding call-off stock.
Source: Government Ordinance no. 6/2020 regarding the amendment and supplementation of Law no. 227/2015 on the Fiscal Code, as well as the regulation of various fiscal-budgetary measures, as published in the Official Gazette, Part I, no. 72, of 31 January 2020.
Tax & Legal Newsletter_January 2020
