SAP Note 1484424 - Romania - TAXRO procedure OUG 58/2010

Component : Romania - Financial Accounting

Solution : https://service.sap.com/sap/support/notes/1484424 (SAP Service marketplace login required)

Summary :
This SAP note addresses the implementation of legal changes stemming from OUG 58/2010, published in Romania's Official Gazette No. 431 dated June 28, 2018. It requires the addition of new tax codes to the TAXRO procedure in response to alterations in VAT rates. Effective from July 1, 2010, the standard VAT rate will increase by five points from 19% to 24%. Updates to the /CEECV/ROFI_TAXES BC-Set will include these new TAXRO procedures and will be included in the forthcoming C-CEE package. An interim solution is available through an attachment download for immediate needs.

Key words :
vat legal change oug 58/2010 reason, bc - set  /ceecv/rofi_taxes, standard vat rate, terms c-cee, prerequisites needed adding, c-cee package, disclaimerthis message outlines, general product direction, future developmentsare subject, sap hasno obligation

Related Notes :

1483754Romania-New VAT tax codes- TAXRO procedure updates