EU Services

A consortium formed by PwC Belgium, PwC UK and PwC Romania won the Phare tender regarding the development of a project, together with the Romanian Ministry of Public Finance, aiming to fully harmonize the VAT legislation with the provisions of the EU 6th Directive.

PwC VAT specialists undertook extensive efforts in order to ensure that the new VAT provisions would represent a functional structure build on the recommendations of the EU 6th Directive while taking into account the specifics of the Romanian business environment.

PwC ' s contribution was not limited only to drafting the new VAT legislation. Its efforts were aimed at creating a comprehensive and accurate framework in which the new VAT provisions could function. Hence, PwC contributed to the development of the methodology provisions for the new legislation and to drafting the new Minister of Public Finance Orders meant to enforce/clarify the EU harmonised VAT provisions.

An important part of the Phare project was the training component. Training programmes were designed and conducted for the Tax Authorities aiming to provide them with a general overview and basic understanding of the changes entailed by the new VAT legislation.

The preparations for the EU Accession in the remaining months can be crucial for your success on the single market!

PricewaterhouseCoopers provides a full range of business services to a wide array of clients, including local state owned and private enterprises, central government bodies, and leading international corporations.

How PwC can help you?

Our specialised services in this respect that we provide in Romania include:

EU MAP

Identify the risk and opportunities under the EU tax law

Pre-accession review for compliance with the EU VAT, Customs and Excise duty legislation

International corporate tax structuring in view of EU accession

Social Security planning in staff transfers

Pre and post accession review of, and assistance with, legal obligations and benefits pertaining to

EU & Public Sector Advisory

Investment attractiveness study

Project preparation - project identification, market analysis, feasibility studies, cost benefit

analysis, impact studies, identification of co-financing alternatives, preparation of the application and assistance until project acceptance

Project management

Final project assessment/evaluation

Assistance for the elaboration of the communication strategy with the interested parties