From ARGUS - Romania: Improve Tax Cash-Flow

Published on May 01, 2020

VAT reimbursement in Romania will be accelerated during this period.

Companies having good tax payer behavior, claiming VAT recoverable not older than 12 months could receive VAT back from the state with subsequent tax audit. This new approach is brought into practice by the Emergency Ordinance 48/2020.

This procedure will help cash-flow of companies.

New further actions are expected by business environment.

For instance, we look forward the government to take urgent measures to unblock and release also the reimbursement the huge amounts remaining to be reimbursed from long time ago from Health Fund, from contributions of employers for sick leave and maternity leave.

See it on Iulia Lascau's  LinkedIn page  HERE