The Romanian Government has consulted on a draft ordinance to introduce a split payment system for value added tax (VAT). The system is meant to counter VAT fraud by requiring that registered VAT taxpayers open special VAT accounts for the deposit of VAT collected and paid on all supplies of goods and services considered made in Romania, with some exceptions for special VAT schemes. The VAT accounts will be opened with the tax office where the taxpayer is registered, or taxpayers may opt to o…