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VAT split payment

The VAT split payment mechanism was approved by the Government. The system will be mandatory starting 1st of January 2018 and optional starting 1st of October 2017. Romania will be the first EU member state to apply the mechanism in a generalized and mandatory manner, applicable for all companies registered for VAT purposes. Penalties for not applying the system are severe.

It will be an important change in the area of VAT with implications on cash flow, IT systems, administrative costs of the companies, as well as relations with business partners.

  • What does the VAT split payment mechanism involve?
  • How will companies implement the system?
  • What technical issues may arise during implementation?

 

You will be able to address these questions to our speakers. We will be waiting to receive questions at the e-mail address anmark@deloittece.com, as well as during the seminar.

Register here

Agenda:

8.30 – 9.00 Registration

9.00 – 11.00 

  • What does the VAT split payment system involve?
  • Who will apply the system and how to open the account?
  • Functionalities of the VAT account – practical cases

11.00 – 11.15 Coffee break

11.15 – 13.00 

  • Penalties
  • How do we prepare for the new system?
  • Questions and Answers

13.00 Closing the event

 

Payment details:

   - 100 € – per participant

The invoice for the participation fee will be issued and provided after the event.

Snacks are included during the event. The participation fee does not include VAT.

Places are limited, please confirm participation by registering here.

*The official language of the event is Romanian.

 

The seminar will be held by:

Alexandru Comănescu – Senior Manager, Deloitte, Romania

Loredana Ilea – Manager, Deloitte, Romania

 

The event will be held on September 27, 2017 at Grand Hotel Italia (2 Trifoiului Street) Cluj Napoca. For registration, please access this link.

 

Contact person:

Andreea Mark

Mobile: +40 725 726 156

E-mail: anmark@deloittece.com

You can cancel your registration for this event, by sending an email to events_romania@deloittece.com  not later than 5 days before the date of the event. We reserve the right to cancel the event if the minimum number of confirmations is not met. In this case you will be informed in due time.