Companies Established Outside Romania May Request 2009 VAT Refund By March 31, 2011

The Decision, which amends the Fiscal Code, was approved after the EU adopted, on October 20, a Directive extending the deadline for the submission of VAT fund requests by taxable persons established in a member state other than the member state of refund.

The amendment will apply to companies located in Romania, which may request a refund of VAT paid last year in other member states.

The Directive was adopted following delays and technical issues affecting the development and operation of some member states’ electronic portals.