- The Government approved a memorandum for taxable persons from the UK to benefit from VAT refund in Romania
- Taxable persons from the UK will benefit from VAT refund based on a declaration of reciprocity
- The measure is taken because the UK is no longer an EU member and the transition period has ended
- UK has third country status for VAT purposes from January 1, 2021, except for transactions with goods covered by the Ireland/Northern Ireland Protocol
Source: stiripesurse.ro
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Romania"
- VAT Adjustment for Real Estate: Applying New Rates to Prepaid Advances in 2026
- Romania Proposes Registration Procedure for Exporters of Energy Products
- Romania Updates e-TVA Rules: Fewer Compliance Burdens, Focus on Significant VAT Discrepancies
- Romania Introduces New E-Invoicing Deadlines and Expanded Reporting Requirements from 2026
- Romania Expands e-Factura: New 2026 VAT Reporting Rules, Deadlines, and Registration Requirements
