New VAT rules from 2020: Quick fixes. Year-end VAT checklist  

Starting January 1, 2020, the VAT rules for the intra-Community supplies of goods will be amended in all the European Union Member States. They are called "quick fixes" and aim at simplifying and harmonizing rules at the EU level. The changes can have a significant impact on companies in terms of VAT registration and reporting obligations.

Additionally, at the end of 2019, we recommend analyzing the VAT obligations, opportunities and risks in the context of the closing of the calendar year, such as: VAT adjustment obligations, the possibility to recover the VAT related to receivables, the impact of the inventory on VAT, but also the recommendations regarding other checks/recurrent diligences from the VAT perspective.

We are looking forward to receiving your questions at the following e-mail address: mabelova@deloittece.com.

Agenda

08:30 – 09:00  Participants registration

09:00 – 10:30  Introduction. New VAT rules from 2020: Quick fixes 

• VAT exemption for intra-Community supplies of goods.

10:30 – 10:45 Coffee break

10:45 - 12:00  New VAT rules from 2020: Quick fixes 

• Supporting documentation for intra-Community supplies of goods; 
• Chain transactions. 

12:00 – 13:00  Lunch break

13:00 – 15:00 New VAT rules from 2020: Quick fixes 

• Stocks available to the client; 

Year-end checklist

• Prescription term and the VAT recovery / adjustment;
• VAT adjustment related to receivables;
• The right of deduction and the VAT adjustment obligation related to capital goods;
• VAT adjustment obligation related to losses;
• Suppliers declared inactive or with the canceled VAT code.

15:00 – 15:15  Coffee break

15:15 – 16:00  Recommendations / Periodic due diligence from the VAT perspective

• Checks / due diligence related to business partners;
• Diligence related to the documentation supporting the VAT treatment applied to the transactions carried out;

Reporting obligations 

• Pro-rata calculation for 2019;
• Checking the VAT threshold. 

16:00 Event closing

*The delivery language of the workshop is Romanian 

Payment details

200 € – per participant 

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

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

Speakers

Vlad Boeriu - Partner, Indirect Tax, Deloitte Romania 

Vlad is a professional with over 15 years of experience in tax consultancy, being one of Deloitte's most important specialists in this sector, with significant international exposure.

He is currently the Coordinator of the Indirect Tax Department, offering tax consultancy services and tax reporting services to large international and multinational companies, major companies in areas such as pharmaceuticals and health, technology, energy, FMCG, retail, etc.

Vlad assisted clients in numerous tax audits, appeals and litigations, as well as in other proceedings before tax authorities such as binding ruling, obtaining tax incentives, etc.

He is recognized as ”Highly regarded in Indirect Tax” and ”Highly regarded in Tax Controversy” by the International Tax Review.

He is also a member of the Chamber of Fiscal Consultants in Romania, tax expert - independent or expert party for different courts of justice and arbitration.

Vlad Boeriu is a graduate of International Business, holds a Masters in Tax Law and has attended MBA courses at the University of Sheffield, UK.

Ana Sabiescu – Senior Manager, Indirect Tax, Deloitte Romania

Ana is a Senior Manager within the Tax Department of Deloitte Romania, specialized in VAT. She has an experience of more than eight years on VAT advisory projects, tax reviews, tax optimization projects, restructuring projects, tax litigations, as well as tax representation in front of the tax authorities.

Ana is Certified tax consultant, member of the Romanian Chamber of Tax Consultants.

She graduated a master class in Tax Law at the Law Faculty from Bucharest University. Ana has also graduated the Finance, Insurance, Banking and Stock Exchanges faculty and the master class in Management of Banking Systems from the Academy of Economic Studies from Bucharest.

Silvana Balea – Manager, VAT, Deloitte Romania

Silvana has more 6 years of experience in the area of VAT, starting her career within Deloitte Romania.

She was involved in providing VAT consultancy and compliance services to a wide range of companies acting in industries such as manufacturing, financial services and real estate.

Silvana also assisted various clients from the Financial Services sector during VAT / general tax audits. In some cases, she was directly involved in representing the client in front of the tax authorities, on a daily basis during the audit.

Silvana graduated the Faculty of Finance, Insurance, Banking and Stock Exchange and holds a master degree in Banking and Insurance. She is also a member of the Romanian Chamber of Tax Consultants.

Other information

The event will be held on December 10, 2019 at Park Inn Hotel by Radisson Bucharest Hotel & Residence, (2-4, Luterana Str., 030167), Bucharest.

Contact person: 

Maria Belova

Email: mabelova@deloittece.com

Mobile: +40 733 003 850

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.