Indirect Taxation

 

During the last years, we have noticed the ever increasing tendency of governments to shift forms from taxes to indirect taxes as the main budgetary resources. It is only natural that this shift of forms is transferred to the business environment as companies find themselves more and more facing inherent tax matters in their quest to efficiently manage cash-flows and costs.

Your challenges

  • Maximizing VAT recovery and improve cash-flow
  • Efficiently managing the payment of customs duties in order to avoid unnecessary costs
  • Minimizing excise duty and enviromental taxes
  • Optimizing document flows by different billing mechanisms (self billing, e-invoicing)
  • Managing your VAT Compliance effectively
  • Getting efficient support with indirect tax inspections and litigations

Our services

  • Analysis of input VAT and cash flow costs
  • Application of VAT exemptions
  • Application of reduced VAT rates
  • Assistance during VAT refunds
  • Assistance related to tariff classification, customs valuation and reduction of customs duty rates
  • Implementation of AEO - authorized economic operator
  • Excise duty and environmental fund advisory services
  • Assistance with the implementation of the various invoicing mechanisms (e-invoicing, self-billing)
  • VAT compliance services
  • Practical application of the ’’VAT package’’ rules -> Click TVA
  • Assistance during tax inspections

Why PwC?

PwC has the largest group on the Romanian market focusing on Indirect Taxation. Our professionals have extensive and well-documented experience in solving complex issues related to indirect taxes, giving appropriate advice to clients and finding practical and innovative solutions. We take an industry-oriented approach towards clients and have established industry groups to better understand specific business needs.

Our team of VAT specialists is by far the strongest in the country and has a broad, in-depth knowledge of the new Romanian VAT legislation. We were directly involved in drafting the local VAT legislation harmonised with the EU Directives with the Ministry of Economy and Finance and training the tax inspectors. Our customs specialists were also involved in discussions with National Customs Authority representatives on amending the new Customs Code and its Implementing Regulations that came into force in June 2006. Moreover, we are leading the excise duties and VAT working groups within AmCham and we constantly discuss with the representatives of Ministry of Finance in order to improve the existing tax legislation and align it to EU best practices.