• Service: Tax, Global Indirect Tax, Global Mobility Services
  • Type: Regulatory update
  • Date: 1/21/2014

Romania - Indirect tax changes effective January 2014 

January 21:  The KPMG member firm in Romania prepared reports on the following tax changes that generally are effective beginning in 2014 (read the January 2014 reports by clicking on the hyperlinks provided below):
  • Ordinance no. 111/2013 was published in the official journal in December 2013, and contains tax law changes for the value added tax (VAT) cash accounting system and for postponing a planned increase in excise tax duties for certain energy products.

    Read a January 2014 report (English, Romanian) [PDF 600 KB]: Amendments to the Fiscal Code from 1 January 2014

  • Order no. 3713/2013 was published in the official journal in December 2013 and concerns rules for filing the form for application of the VAT reverse-charge mechanism on trades of electricity.

    Read a January 2014 report (English, Romanian) [PDF 290 KB]: Form for applying VAT reverse charge mechanism on trade in electricity

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