Standard VAT rate
Reduced VAT rates
Super reduced rate
VAT number format
RO 12 to RO 1234567890
Latest news from Romania
From 1 January 2019, the Romanian government have announced that they will cut the VAT rate applicable to hotel accommodation and restaurant services to 5%. This change mirrors the majority of EU countries who already apply a reduced VAT rate to hotel accommodation.
On the 14 December 2017, the Romanian government approved a new law that significantly alters which businesses are affected by the new VAT split payment legislation, which is to be introduced on 1 January 2018. Originally this was going to apply to all VAT registered businesses in the country, however the new law states that… Read More
From 1 January 2018, the Romanian government will increase the country’s VAT registration threshold from RON 220,000 to RON 300,000 (approx. £42k to £58k). This registration threshold only applies to resident companies, as non-resident companies must immediately VAT register if they are undertaking taxable sales in Romania.