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PM Tudose: We will shortly come up with new form of split VAT collection

A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudose announced on Monday in a meeting with representatives of the National Union of Romanian Employers (UNPR).

2017-10-16 17:25:45

Altering the VAT split payment mechanism, the passage of social contributions from the employer's task to that of the employee and the improvement of the state's relationship with the business milieu were the main topics discussed on Monday at Victoria Palace by the prime minister with UNPR representatives, according to Agerpres.

Prime Minister Tudose said that the split VAT measure will be "modified and made flexible" in the debates in Parliament, in line with the proposals made in the discussions with the representatives of the business environment.

The VAT split collection will no longer apply to all companies starting 2018, but only for those in insolvency, bankruptcy, with VAT debts, state-owned companies, the release said.

"We will soon come up with a new form of split VAT collection, which will respond to the requests made in this period by business representatives," said the head of the Government.





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