
Article 1 
By way of derogation from point 18 of Article 287 of Directive 2006/112/EC, Romania is authorised to exempt from VAT taxable persons whose annual turnover is no higher than the equivalent in national currency of EUR 88 500 at the conversion rate on the day of its accession.
Article 2 
This Decision shall take effect on the date of its notification.
This Decision shall apply from 1 January 2018 until 31 December 2020, or until the entry into force of a directive amending the provisions of Articles 281 to 294 of Directive 2006/112/EC, whichever date is the earlier.
Article 3 
This Decision is addressed to Romania.
Done at Luxembourg, 10 October 2017.
For the Council
The President
T. TÕNISTE