Relief from the VAT Package is just one CLICK away!

Your challenges

The VAT rules, or so-called “VAT package”, brought significant changes to the VAT treatment of certain transactions between Romania, the European Union and beyond.

The amendments, effective from 1st of January 2010, had definitely an immediate impact on your business.

In particular, the rules governing the VAT treatment of services rendered to / purchased from the European Union and beyond have changed. The VAT Package introduced to Romania the principle of taxation at the place of consumption, and the rules also considered the status of the beneficiary (i.e. taxable or non-taxable person).

This, in effect, extended the range of services not subject to VAT locally while pulling previously non-taxable services into the local VAT net. With a multitude of exceptions and specific rules for different types of services, analysing and understanding the application of these rules would involve extended research taking up your valuable time.

How can we help you

PwC has developed “Click VAT”, a new tool for businesses in Romania. The proprietary software has been developed by us to help you navigate the complex changes resulting from the VAT Package. The easy to use software provides an automated interactive platform through which you will input variables specific to your situation, and the software will determine the correct VAT treatment of certain services under the new rules.

By using Click VAT, taxpayers will be able to more easily: 

• Identify the correct place of supply of services;
• Identify the person liable to pay VAT (person liable to collect VAT);
• Facilitate accurate reporting in VAT returns.

“Click VAT” have the following key features:

• Convenient internet based access (with username and a password ) and a high degree of autonomy for users;
• Easy to use interactive platform interface requests relevant input data so as to determine whether a person is liable to pay Romanian VAT and the correct reporting method of each analysed transaction;
• Coverage of a wide range of possible types of transactions, giving a higher degree of comfort to users as to the accuracy of the solution identified;
• Is flexible, and includes a modular architecture which will allows us to insert additional modules in response to specific client needs (e.g. adjustments, intra-Community supplies and acquisitions, imports and exports);
• Has help desk support if needed.

Please contact our team for a complimentary interactive demonstration and additional information.