By Law 30/2019, approving Government Emergency Ordinance No. 25/2018 regarding the amendment and supplementing of certain normative acts, as well as approving certain fiscal and budgetary measures, beginning 1 January 2019, article 287, letter d) of the Fiscal Code was amended, in the sense that, as of 1 January 2019, VAT may be adjusted if the value of the assets delivered, or of the services performed, cannot be cashed in following the entering into bankruptcy of the beneficiary or following the implementation of a reorganization plan admitted and confirmed by a court decision, whereby the receivable of the creditor is modified or eliminated.
For more information on this important topic, please check the leaflet prepared by Letitia Silaghi, Senior Associate of the Romanian team.