Romania will abolish its VAT split payment system from 1 February 2020. The split payment system was first introduced on a voluntary basis in October 2017, and then on a mandatory basis in March 2018, but only for certain taxpayers. However, the mandatory requirement was removed after Romania's request to derogate from EU rules with the split payment system was rejected due to concerns with the administrative burden for affected businesses, with the European Commission sending a formal notice…