Standard VAT rate
19%
Country code
RO
Reduced VAT rates
9%, 5%
Super reduced rate
N/A
VAT returns
Monthly, Quarterly
VAT number format
RO 12 to RO 1234567890
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Latest news from Romania
UPDATE: Romania to consider the implementation of split payments
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
Romania raises VAT registration threshold for resident businesses
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.
UPDATE: Romania to consider the implementation of split payments
The Romanian Government has now passed legislation on the value added tax (VAT) split-payment mechanism which will be introduced on a voluntary basis from 1 October 2017. This is with a view to making it compulsory for all VAT registered businesses from 1 January 2018. The split payment procedure will require vendors to open a… Read More