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New Order issued in relation to VAT paid on imports

Romania
28 Nov 2013

Order no. 1891/2013 for the amendment of Order no. 500/2007 approving the Norms with respect to the procedure of granting the import VAT deferment payment certificate and of releasing the guarantee for imports of goods has been issued. Taxand Romania takes a look at the updates this Order will introduce. 

The Order amends the procedure for granting the import VAT deferment payment certificate and releasing the guarantee for imports of goods. Therefore, the Order:

  • Extends the sphere for granting the import VAT deferment payment certificate to 2 new categories of taxable persons:
    • Authorised economic operators which are registered for VAT purposes in Romania and which have obtained the authorised economic operator certificate, in accordance with the customs provisions
    • Taxable persons which are registered for VAT purposes in Romania and which have obtained an on-site customs clearance procedure authorisation, in compliance with the customs provisions issued in this respect
  • Mentions the documents needed by the 2 new categories of taxable persons in order to obtain the import VAT deferment payment certificate, as well as the conditions under which it is revoked
  • Mentions that the authorised economic operators which are registered for VAT purposes in Romania and which perform imports followed by exempt intra-Community supplies, are not required to guarantee the import VAT

Discover more: Benefits in relation to VAT paid on imports


Your Taxand contact for further queries is:
Angela Rosca
T. +40 21 316 06 45
E. angela.rosca@taxhouse.ro

Also published in Thomson Reuters' Taxnet Pro, 29 November 2013

Taxand's Take

Multinationals with operations in Romania should investigate the Order further to discover how, if at all, it will affect their specific situation. 

Taxand's Take Author

Angela Rosca
Romania