Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Employers calling for end to RO e-VAT system...

Employers calling for end to RO e-VAT system regulations

August 29, 2024

The Employers' Association of Romanian Accounting Entrepreneurs (PACR) is calling for an end to what they say are "chaotic regulations" in the RO e-VAT system and to make tax authorities responsible at the same level as taxpayers.The employers are voicing "deep disappointment" with the implementation of the RO e-VAT system, arguing that it should be abolished, given a recent order of the chairman of the National Tax Administration Agency (ANAF) introducing a pre-filled VAT return, considered "inadequate and inopportune.""If the tax authorities insist on the implementation of the pre-filled VAT return, we would have expected that the amounts presumed by the authorities regarding the VAT payable or VAT to be recovered would be owned up by them."The amounts, they say, especially the VAT payable "requested by the tax authority from taxpayers, are not owned up by the authorities, which shows that the system cannot work efficiently."The employers also point to parts that are not owned up by the tax authorities."Row 38: 'VAT to be paid during the reporting period' - this fundamental element for the national budget, estimated at about RON120 billion from VAT, is not owned up by the authorities. The lack of this information can distort the national budget. Row 41: 'VAT payable cumulatively' - the most important information for any tax analysis, indicating the VAT due cumulatively by the taxpayer, is not included in the pre-filled statement. Row 44: 'Negative VAT amount to be paid' - although the term ?negative' is used, it represents the VAT to be refunded from the national budget to the taxpayer, essential for the national budget and taxpayers, especially for those who make investments or are exporters," according to the employers.The employers say the analysis of the controversial piece of legislation and the challenging situation ensuing the recent order of the ANAF chairman was carried out by Adrian Benta, a tax consultant and financial auditor.  

The text of this article has been partially taken from the publication:
http://actmedia.eu/daily/employers-calling-for-end-to-ro-e-vat-system-regulations/109740
Read in full - click here
A slice of Romanian arts, culture, and entertainment: Broadcaster Nikki Bedi on BBC’s upcoming Arts Hour on Tour program in Bucharest

The Arts Hour on Tour, the BBC World Service arts and culture program that visits cities all over the world, will be in Bucharest next week to record a show on topics relating to the cultural life in the city and Romania. Television and radio broadcaster Nikki Bedi, who curates, writes, and presents the program, […]

Romanian prime minister clashes with foreign minister over Elon Musk retort

Romanian prime minister Marcel Ciolacu recently stated during an interview that foreign minister Emil Hureaznu will be replaced if he continues to send messages to private individuals, such as those addressed to Elon Musk, without consulting him. The warning comes after Emil Hurezeanu stated on Saturday, February 22, that Elon Musk’s support for Călin Georgescu […]

Romanian gas producer Romgaz sees higher profit despite revenue decline

Romanian state-controlled gas producer Romgaz (BVB: SNG) reported a net profit of RON 3.22 bln (EUR 647 mln) in 2024, up 14.5% compared with the previous year. The company’s revenues went down by 11.9% to RON 7.93 bln (EUR 1.6 bln) because of lower...

Romanian government survives far-right opposition’s no-confidence motion

The Romanian Parliament rejected the no-confidence motion initiated by far-right parties AUR, SOS Romania, and POT against the government led by Social Democrat prime minister Marcel Ciolacu. The motion received 147 votes in favor and one against during the lawmakers' meeting on Friday, February 28 - a figure lower than the 155 signatures with which […]

Romanian power producer Nuclearelectrica posts 31% profit drop in 2024 on lower prices

Nuclearelectrica (BVB: SNN), the company that operates Romania’s only nuclear power plant – Cernavoda, reported a net profit of RON 1.7 bln (EUR 343 mln) in 2024, down 31% compared with the previous year. The company recorded 37.6% lower revenues from electricity sales due to lower average...

Debates over peacekeeping troops in Ukraine are premature, Romanian interim president says

In his first press conference since becoming interim president, held on Friday, February 28, Ilie Bolojan said that discussing peacekeeping troops in Ukraine is premature, since no peace agreement was reached. He also discussed increasing Romania’s defense spending, the relationship with the United States, and the reconstruction of Ukraine. The press conference was organised after Ilie […]