Exact Globe

Product Update 400: New VAT return boxes (Romanian legislation)

As of 2010, new VAT reporting requirements have been introduced under the Romanian legislation. However, the functionality implemented for Romania was incomplete due to changes in the structure of the VAT boxes. As per new reporting requirements, new VAT boxes have been introduced. Existing VAT boxes and all VAT links related to obsolete VAT boxes are automatically removed from existing administrations. New VAT boxes are automatically added into every administration under the Romanian legislation, while each new company under this legislation will be automatically provided with new VAT boxes.