Romania MOF Announces Approval for Tax Incentive Amendments, VAT E-Invoicing Transition, Other Changes

The Romanian Ministry of Public Finance Jan. 30 announced government approval for tax incentive amendments, transitional provisions for VAT e-invoicing for royalties, and other changes. The announcement includes: 1) the June 1 deadline for taxable persons carrying out economic activities and identified by personal code (CNP) to use the e-invoicing system for royalty income (DDA), optional temporary system deregistration by taxpayers already registered, and May 28 system registration deadline; 2) clarification of who are taxable persons, based on EU Directive 2006/112/EC on the common system of VAT; 3) the obligation to issue copyright invoices, even if under the 395,000 Romanian ...