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Changes to the General Account Plan

In October 2017, the Ministry of Finance published an OMFP Project on completing some accounting regulations, namely the introduction of two asset accounts in the General Accounts plan, 5126 "RON bank accounts - VAT deducted" and 5127 "Foreign currency account - split VAT". Through them,…

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Risk Criteria – Granting or Removing VAT Code

At the beginning of October 2017, the ANAF President issued the Order on setting criteria for the assessment of fiscal risk in the case of registration and cancellation of VAT registration (VAT). The principle of the Order requires tax authorities not to register for VAT…

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