ECONOMY FINANCE&BANKING

Form 088 for on registering companies for VAT purposes to be removed starting 1 February 2017

The 088 form, regarding the companies’ registration for VAT purposes will disappear starting 1 February 2017, a release of the National Agency for Fiscal Administration (ANAF) on Friday informs.

“According to the governance programme, one of the Government’s objectives is to reduce taxpayers’ excessive administrative tasks, therefore the ANAF analyzed the opportunity of removing the 088 form “The statutory declaration for assessing the intention and capacity to carry out economic activities which involve operations with VAT” and decided to remove it. (…) In order to avoid blocking the activity of taxpayers registration for VAT purposes and ensuring their further economic activity, the repealing order regarding the 088 form enters into force on 1 February 2017, until this date the new procedure is to be updated, as well as computer applications,” the quoted source mentions.

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