Romania – E-invoicing on July 1, 2024
Country Briefs
Romania
4 September 2024
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Whether you’re a European or non-European company, establishing certain activities in Romania may mean you need to register for VAT. You can use a fiscal representative or tax advisor to draw up your VAT, Intrastat and ESL returns with total peace of mind in Romania.
If you deal with companies in Romania, you may be able to claim a Romanian VAT refund.
In this VAT guide, we have brought together the specific features of the Romanian regulations, which interact with the harmonized framework within the European Union.presented in our guide to intra-Community VAT obligations.
With EASYTAX, be 100% VAT compliant, always.
Basic information |
|
|---|---|
| EU membership | 2007 |
| ISO code | RO |
| VAT introduced in Romania | 1993 |
| VAT name in Romania | Taxa pe valoarea adaugata |
| VAT ID format in Romania | RO999999999 |
| Territories with special status in Romania | n/a |
VAT rates in Romania |
|
| Standard VAT rate | 19 % |
| Reduced VAT rate (1) | 9 % |
| Reduced VAT rate (2) | 5 % |
| Super reduced VAT rate | n/a |
| VAT parking rate | n/a |
| Zero VAT rate | yes |
Thresholds triggering VAT reporting obligations in Romania |
|
|---|---|
| Intrastat threshold at introduction | 900 000 RON (+/- 180 000 EUR) |
| Intrastat threshold on dispatch | 900 000 RON (+/- 180 000 EUR) |
| Distance selling threshold | As of 1st July 2021, the threshold is EUR 10,000 for all intra-Community distance sales. |
Reporting frequency in Romania |
|---|
| Intrastat return | monthly depending on threshold |
|---|---|
| EC Sales List (ESL) return | monthly |
| VAT returns | monthly depending on threshold, quarterly depending on threshold/for certain services |
|---|---|
| Reporting currency | RON |
VAT-related penalties in Romania |
|
| Failure to file a VAT return | Failure to deposit files on time: a fine between 1000 RON and 5000 RON (approximately 202 and 1010 euros). Filing an incomplete declaration: a fine of between 500 RON and 1500 RON (approximately 101 and 302 euros). |
| Late payment of VAT | Late payment interest: 0.02% per day of delay Late fees: 0.01% per day of delay |
| Failure to report ESL/DEB | A fine between 1000 RON (approximately 202 euros) and 5000 RON (1011 euros) per ESL declaration. |
Useful links on VAT in Romania |
|
| Tax Administration in Romania | Tax authorities |
| Ministry of Finance in Romania | Ministry of Finance |
| Check a VAT number in Romania | Check a VAT number |
| EU VAT Guide | EU VAT Guide |
|---|
Need VAT assistance in Romania? Contact us now.
A foreign company carrying out transactions in Romania subject to Romanian VAT, may be required to appoint a tax representative. Established in Romania, the fiscal representative will fulfill the company’s VAT obligations to the Romanian tax authorities on its behalf: filing VAT returns, paying VAT, claiming VAT refunds and carrying out tax audits.
Even when the appointment of a tax representative is not mandatory, a company may entrust the management of its VAT obligations to a tax agent. The difference between an agent and a tax representative essentially concerns the operator’s degree of responsibility. At EASYTAX, we will in any case use the term “tax representation”.
To secure your operations, lighten your company’s administrative burden, and control tax risks in Romania.
Intra-Community and Romanian VAT regulations are complex and subject to frequent changes. Declaratory obligations are recurrent and vary in frequency. Penalties for default or delay, as well as errors in flow assessment, can quickly prove financially onerous.
Don’t take risks, don’t pull your hair out: leave the management of your VAT obligations to specialists.
Discover a simple, reliable and efficient tax representation service. EASYTAX handles all your VAT obligations, Intrastat, ESL, and your VAT recovery claims in Romania, in all European Union countries and certain non-EU countries. You have access to a dedicated consultant, who monitors your file and answers any questions you may have.
Need a tax representative in Romania? Contact us now.
The VAT rates currently in force in Romania are as follows:
Need a tax representative in Romania? Contact us now.
Do you need a VAT fiscal representative in Romania? Certain operations may require VAT registration and the filing of VAT returns in Romania:
To check whether your activities give rise to VAT obligations in Romania, use our VAT simulator .
Need a VAT tax representative in Romania? Contact us now.
In Romania , as in other European Union countries, e-sellers must register for VAT:
In addition to VAT registration, e-traders must:
Find out more:
Need a VAT tax representative in Romania? Contact us now.
You may need a VAT number in Romania to fulfil your tax obligations in this country. Indeed, certain activities such as sales, purchases and subcontracting operations may require VAT identification.
Romanian VAT is named Taxa pe valoarea adaugataand the VAT numbers in Romania have the following structure: RO999999999.
The administrations in charge of VAT in Romania are the following: Tax authorities, Ministry of Finance.
VAT identification is a relatively simpler formality than setting up a company, but beyond obtaining a VAT number in Romania, you’ll need to complete and submit periodic declarations to ensure your VAT compliance. Which is why we recommend foreign companies use a fiscal representative or tax advisor.
To check if your activities require VAT identification in Romania, use our VAT simulator or contact us.
Companies with a VAT number in Romaniamust complete and file dVAT decl arations in Romania detailing all taxable income (sales) and expenses (costs), at regular intervals:monthly depending on threshold, quarterly depending on threshold/for certain services.
Failure to comply with the deadlines imposed by the Romanian authorities for the deposit and payment of VAT will result in the payment of penalties . For this reason, it is recommended that foreign companies use the services of an agent or a tax representative.
These penalties are defined as follows in Romania:
Need VAT assistance in Romania? Contact us now.
In addition to VAT returns, companies may be required to provide the Romanian authorities with Intrastat & EC Sales List returns:
Our tax representation services enable you to fulfill all your VAT obligations in all countries of the European Union and beyond. Contact us today.
In principle, a non-resident company in Romania can recover all or part of the VAT incurred on its expenses.
There are three possible scenarios:
Rely on our VAT recovery services in Europe. Contact us today.
*This information is subject to change without notice.
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