e-VAT, in theory, should be operational from August 2024. When this date was mentioned on the TaxEU forum, tax experts laughed.

This system sounds good in theory, but it is unlikely that we will see it this year, as promised by the Government in GEO 116/2023.

Alex Miltsev, partner, head of fiscal and legal assistance, EY in Romania and Moldova, says that they are betting that it will be implemented in a year or two: “We see what the problems are now with e-invoicing.”

What does electronic VAT provide?

Thanks to this system, taxpayers will no longer need to submit a VAT return.

“The tax office will prepare a report based on its own information and send it to taxpayers for verification and approval. Based on theoretically collected information from electronic accounts and electronic case registers, this information is collected and a report is made to taxpayers,” he said.

However, he says, the information in electronic accounts and electronic case registers is incomplete.

“B2C transactions, online trade are not covered. We need to rethink the philosophical part. We are not there yet. It’s not something that’s likely to come this year. SAF-T is the basis for invoicing, including B2C. We expect some changes in thinking to take place here. will come This is the future,” says Milkev.

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