The Council of the European Union adopted, on the 24th of September 2018, the prolongation of the period for the application of the optional reverse charge mechanism for supplies of goods and services susceptible to fraud. The same document approved… Read moreThe reverse-charge mechanism for supplies susceptible to fraud was extended until 30 June 2022
According to a report recently issued by the European Commission, uncollected VAT represents EUR 6.13 billion loss for Romania´s 2016 budget. At EU level, uncollected VAT amounted to EUR 147.1 billion, which represents a 12.3% VAT gap. All 6 Central… Read moreRomania loses annually over EUR 6 billion due to VAT gap, according to an European Commission report
According to PwC estimations, the cost of uncollected VAT to the state budgets of five Central and Eastern European (CEE) countries amounted to over 28.2 billion Euros in 2015. The results of this study were presented today at a PwC… Read moreUncollected VAT is costing the state budgets of five CEE countries over 28 billion Euro per year, according to PwC study
• More than half of the national auto fleet is made up by cars older than 10 years; • The average age of the national auto fleet reached 12,9 years, 4,6 years older than the EU average; • The share… Read moreThe total number of cars in circulation in Romania increased by 21% after 2008, however most of the increase came from second-hand cars
The London IPO pipeline still contains attractive investment opportunities, but increases in the number of postponed or cancelled deals are expected in 2016 as companies battle against market volatility and challenging market conditions, according to PwC’s latest IPO Watch. 61… Read morePwC. IPO Watch Europe 2015
