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VAT 2016-New Fiscal code
16 September 2015
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Mondo Conta accounting company Bucharest present you the most segnificant modifications in VAT field:
The standard VAT rate will decrease to 20% (from 24% in present);
Starting 01.01.2017, the standard VAT rate will be 19%;
Introduction of the reverse charge taxation in case of buildings for whose delivery the taxation regime is established by the law;
Modification of the capital goods definition and of their VAT adjustment rules – they will include the asstes with a depreciation period of less than 5 years as well;
It will be possible to renounce to a VAT reimbursement request on the basis of the notification letter filled to the tax authority.