CLA Global Welcomes New Network Member In Romania
London - Today, CLA Global Limited (CLA Global), a leading international organization comprised of independent accounting and advisory...
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Nov 26, 2020
Consignment and Call-off Stock
Where businesses keep stock locally to meet customer needs quickly, this may be classed as call-off or consignment stock. The VAT...
Jun 15, 2020
C-430/19. Exercise of the right to deduct in the case of value added tax (VAT)
On 4th June, the Court of Justice of the European Union issued decision C-430/19, having an impact on the area of practice of tax...
Nov 6, 2019
Online Marketplaces Become Responsible for VAT
Online marketplaces in the EU (such as Amazon, Ebay etc.) will become responsible for charging and collecting VAT for their non-EU...
Nov 6, 2019
Brexit Update
Three Month Extension European leaders have approved UK’s request for a three-month extension for Brexit. Donald Tusk, president of the...
Feb 6, 2019
Registration for VAT purposes begining with February 1st
Starting with February 1st, 2019, taxable persons opting for the registration for VAT purposes have the obligation to submit the...
Feb 5, 2019
VAT treatment of vouchers
EU Member States had to transpose Directive 2016/1065, which introduced new rules in relation to the issuance, transfer and redemption of...
Feb 4, 2019
Right to deduction – Incorrect description of the goods on the invoices
The tax authorities may not refuse a taxpayer the right to deduct input VAT on the sole ground that the purchase invoices contain an...
Nov 6, 2018
E.U. COURT OF JUSTICE / Right to deduction in case of cancelled acquisition of shares
By the planned acquisition of shares in the target company, potential acquirer’s intention was to provide the target company with...
Sep 28, 2018
The reverse charge will be extended until June 30, 2022
The period of application of the reverse charge mechanism in relation to operations involving goods and services at risk of fraud was...
Aug 20, 2018
CJEU to Consider Romanian VAT Exemption for Drilling Rigs
Summary The Court of Justice of the European Union has published the reference for a Romanian case (C-291/18) on whether article 148(c)...
Aug 20, 2018
VAT Directive Precludes Romanian Transport Services VAT Deduction Rules
Citations: Cartrans Spedition Srl v. Romania; C-495/17 Summary Advocate General Eleanor Sharpston in Cartrans Spedition Srl v. Romania,...
May 25, 2018
Correcting errors in VAT returns
According to Order no. 3604/2015 for the approval of guidelines for the correction of material errors in Value Added Tax returns, VAT...
May 15, 2018
VAT Deduction after Tax Authorities’ Assessment (12/04/2018 C-8/17 & 26/04/2018 C-81/17)
Where, following a tax adjustment, additional VAT was paid to the Treasury and was the subject of documents rectifying the initial...
May 11, 2018
E-Commerce and VAT in Romania
Whether one sells through platforms such as Amazon, E-bay or your own website, when selling goods into the European Union one must be...
Feb 8, 2018
Bundled Supply & VAT Rate (C-463/16, 18/01/2018)
A single supply consisted of two distinct elements which would be subject to different rates must be taxed solely at the rate applicable...
Jan 24, 2018
New VAT reform within the EU in an attempt to tackle cross border fraud
The EU Commission is preparing for the biggest reform of EU VAT rules in a quarter of a century, in an attempt to crack down on an...
Jan 18, 2018
More flexibility on VAT rates, less red tape for small businesses
The European Commission has today proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to...
Jan 8, 2018
Commission objects to the request made by Romania to apply zero rate on certain supplies
By letter registered with the Commission on 26 April 2017, Romania requested based on Article 395 of the VAT Directive an authorisation...
Nov 21, 2017
Split VAT payment mechanism makes Romania an EU pioneer
Romania could become the only EU member state to enforce the VAT split payment, and this will have a major impact on Romanian companies....
Nov 21, 2017
Important ECJ rulings on customs value of defective goods and VAT taxable basis of leasing
Customs value of defective goods (X BV, C-661/15, 12/10/2017) An importer may adjust the customs value declared upon importation where it...
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