Romania: Unique Registration Codes to Change by December 31

The legal persons paying the VAT and carrying intracommunity deals will have to change their registration code as VAT payers, ACT Media news agency.

According to the paper, in case the legal persons that are paying the VAT ask for the change of their registration certificates following some changes in the name or address of the company headquarters, the National Trade Register Office will issue another registration certificate to include also the new fiscal identifier under the RO prefix followed by the unique registration code for the VAT payer.

A company that by December 31, 2006 does not obtain the new VAT registration code will not be able to deduct its VAT in case it carries some intracommunity deals.

The draft proposed by the Minister of Public Finance is a direct consequence of the enforcement by Romania of the European Commission's regulation on administrative cooperation in the VAT field, the National Agency of Fiscal Administration shows in a release.


<a href="http://www.actmedia.ro" target="_blank">Source: ACT Media News Agency</a>