Updates to the rules for application of the fiscal code

Various changes have made to the rules for the application of the Fiscal Code. In terms of VAT, among others these affect the following: 

• the moment at which an individual carrying out real estate transactions should register for VAT purposes
• the conditions under which the transfer of food, carried out in line with the legislation on reducing food waste, does not represent a supply of goods
• the way vouchers can be issued (in both physical and electronic form) and the vouchers for which not all the elements necessary to determine the amount of tax due are known (e.g. holiday vouchers, gift vouchers, etc being considered multi-purpose vouchers) 

Source: Decision no. 864/2020 on the amendment and supplementation of the Rules for the Application of Law no. 227/2015 on the Fiscal Code, as approved by Government Decision no. 1/2016.