Bucharest, June 29, 2010
Following the last emergency measures announced by the Government on June 26, that implies the increase of value added tax from 19% to 24%, TotalSoft, the software solutions provider with the largest market share in Romania, has faced a wave of concern from the private business environment. The increase of VAT will affect the entire Romanian economy, estimating that retail will be most affected, because in order to survive the new austerity measures the sector will be forced to increase prices.
The solutions provided by TotalSoft branded Charisma are used in all sectors, from banking, retail, distribution, and services to construction, medical and pharmaceutical production. Charisma includes an automatic update mechanism advanced formulas used for any legislative change, Thus the product can support the July 1 billing processes, customs declaration, any increases in prices or the various state reports.
"Charisma is ready to work with the new VAT rate of 24% without interruption of business, so our customers did nothing to make trouble. Moreover, one of the main differentiators of charisma, compared to other international software, real time is just adapting to Romanian legislation, "says Alexandra Fesci, Charisma ERP Product Marketing Manager.