Romania could become second EU member state to apply the generalized reverse charge mechanism
Monday, October 15, 2018
ECOFIN (Economic and Financial Affairs Council of the European Union) has recently decided that EU Member States “most affected by VAT fraud” will be able to apply, by 30 June 2022, the generalized reverse charge mechanism for local operations (transferring the liability to pay VAT from suppliers to clients). PwC Romania believes Romania could become the second EU member state, after the Czech Republic, to opt for this measure, which is applied under very ...