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The amendment and completion of the Norms regarding the procedure for granting the VAT deferment certificate

In this issue:

Order no. 2056/2020 for the amendment and completion of the Norms regarding the procedure for granting the VAT deferment certificate and for issuing the guarantee for the imports of goods

 

The main amendments brought by the Ministry of Public Finances Order no. 2.056/2020 aim to align its provisions with the provisions of Regulation (EU) no. 952/2013 of the European Parliament and of the Council of 9 October 2013 establishing the Union Customs Code.

 

These amendments refer to the following aspects:

  • The issuance of the VAT deferment certificate to taxable persons registered for VAT purposes in Romania who obtained an authorization to lodge a customs declaration in the form of an entry in the declarant's records. The newly introduced provisions replace the previous ones in respect of the authorization for the local customs clearance procedure, which is no longer applicable according to the Union Customs Code.
  • The VAT deferrment certificate issued to the above-mentioned persons is valid only upon declaring the goods by means of the entry in the declarant’s records.
  • The deadline for the issuance of the VAT deferment certificate was extended from 15 days to 30 days (from the submission of the application and of the complete documentation by the applicant) for the persons requesting the certificate based on the criteria of a cumulated imports value of at least RON 100 million. For the other cases, the 15 days deadline remains in place.
  • The guarantee for the import into Romania of goods, followed by an intra-Community supply of goods, for which the VAT exemption applies, could be:
 

           1.  a cash deposit or its equivalent;

           2.  the commitment of a guarantor.

 

Feel free to reach out to us should you like to receive detailed information on the provisions brought by this normative act as well as its applicability to your specific case.

 

For more information or details on the above you may contact us directly or you may consult the Official Gazette no. 567/20 June 2020.

 
Prepared by:
Cătălina Cambei – Manager, Indirect Taxes
 
For additional information, please contact:
Alex Milcev – Partner, Tax & Law Leader Romania
 
Ernst & Young SRL
Bucharest Tower Center Building,
22nd Floor, 15-17 Ion Mihalache Blvd.,
Sector 1, 011171, Bucharest, Romania
Tel: (40-21) 402 4000, Fax: (40-21) 310 7124
Email: office@ro.ey.com
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