Order no. 1891/2013 amending the Order no. 500/2007 (Minister of Public Finances) related to the procedure of granting the import VAT deferment certificate and of releasing the guarantee for imports of goods was published in the Official Journal of Romania No. 724 of 25 November 2013.
This new Order extends the granting of the import VAT deferment certificate to every taxable person registered for VAT purposes in Romania. The beneficiaries will be able to apply VAT reverse charge on their local VAT returns and neutralize the cash payment for import VAT.
One of the conditions for this regime to be applied is that the importer must have already obtained an on-site customs clearance procedure authorization, which is a simplified procedure allowing to clear goods at the company’s premises or at other places approved by the customs authorities.