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Prime Minister Mihai Tudose on Friday said that the split VAT will take into account certain proposals of employers' organisations and will be subjected to amending in Parliament, adding that the measure would target, first of all, companies undergoing insolvency or bankruptcy. He said a reward system was being thought to be set in place.
"Nuances started cropping up after discussions with employers' organisations; some of their comments are correct and, in order to shorten somehow the legislative procedure, we will make amendments; there will be amendments in the Senate and then in the Chamber of Deputies," Tudose said, responding to journalists at the end of a meeting of the Social Democratic Party (PSD) National executive Committee (CExN) about what will happen with the amendments to the Tax Code, and the split VAT.
The prime minister specified that the finance minister would unveil the amendments to the split VAT measure at the beginning of next week. "I think it would be a good idea for the finance minister to unveil them to you entirely, on Monday; I can offer you some snippets. It will not be mandatory for everyone, but in principle, for companies undergoing insolvency or bankruptcy and firms with a not very consistent fiscal past, that is companies that have already defaulted on their VAT duties twice, three or four times. There will also be a reward system that we try to set in place and unveil when the amendments are tabled," Tudose said.
