Day: November 18, 2020

Romania has introduced two amendments to its Fiscal Code with the passage of Law no. 239/2020, which was published on 6 November 2020 and entered into force on 9 November 2020, and Law no. 248/2020, which was published on 13… Read moreRomania brings new amendments to the Fiscal Code

On 12 November, the ECJ issued its decision in case C-734/19 ITH Comercial Timisoara SRL (ITH) involving the input VAT recovery for goods and services no longer used by the taxpayer (i.e. pertaining to abandoned real-estate projects). The Court ruled… Read moreLandmark ECJ ruling on a Romanian case involving deduction of VAT on abandoned investments