New amendments of the Fiscal Code starting 1st of January 2014
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InfoTax no. 42, December 2013

GEO no. 111/18.12.2013, published in the Official Gazette no. 809/19.12.2013, brings 2 important amendments to the Fiscal Code, as regards the VAT and excise duties.


The VAT cash accounting system becomes optional starting 1st of January 2014, the legislator instituting the appropriate procedure for the transfer from the mandatory to the optional application of the VAT cash accounting system.

Taxable persons who apply the VAT cash accounting system as of 1st of January 2014 may solicit, at any time during 2014, to switch to the “normal” VAT system, while filing a notification to the tax authorities. In this case, the “normal” VAT system becomes applicable starting the 1st day of the fiscal period following the period of notification.

At the same time, it is eliminated the obligation of taxable persons applying the VAT cash accounting system to collect VAT on the 90th calendar day from the date of issuance of the invoice, where invoices regarding deliveries of goods/render of services are not cashed until this term.

II. Excise duties

The increase of the diesel and petrol excise duties is delayed until 1st of April 2014.