Official: Split Value-Added Tax (VAT) payment mechanism should be abrogated, as it has no positive effect

The split Value-Added Tax (VAT) payment mechanism should be abrogated as it hasn't had any positive effect and Romania is criticised by the European Commission for this, Dan Manolescu, the President of the Chamber of Tax Consultants (CCF) stated on Friday at the "Autumn tax update forum" conference."As far as we know, there are some letters, a correspondence between the European Commission and the Romanian authorities, wherein the latter requested a series of ...

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