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Commentary

Cash accounting (Romania)

41 Romania

Under the VAT cash accounting system in Romania:

  1. Ìý

    •ÌýÌýÌýÌý VAT collected for the goods delivered and services provided will be paid to the state budget by the 25th of the month following the month in which the invoice was paid;

  2. Ìý

    •ÌýÌýÌýÌý VAT will be deducted for the goods and services acquired by the 25th of the month following the month in which the invoice was paid;

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