Romania
Romania is one of the 27 Member States of the European Union.
Basic VAcTs
| Latest update | 01.06.2024 |
| Country ISO Code | RO |
| EU Member State | Yes |
| VAT Rates | |
| Standard VAT Rate | 19% |
| Reduced VAT Rate | 9% |
| Special Reduced VAT Rate |
5% |
| VAT Compliance | |
| Standard VAT Return filing period | Monthly or (calendar) quarter |
| Standard VAT Return filing deadline | 25th day of the month following the filing period |
|
VAT Representation required for non-resident |
Yes, mandatory for non-EU businesses |
| Record retention period | 10 years |
| Electronic invoicing | Mandatory for B2B transactions, under conditions |
| Real-time reporting | n.a. |
| Special Rules | |
| General domestic reverse charge for domestic supplies of goods by non-resident businesses? |
Yes, domestic supplies of goods by non-resident businesses to VAT registered B2B customers |
| Other domestic reverse charge mechanisms? | Yes, e.g. supplies of specific goods (e.g. IT-products), supply of CO2-certificates |
| Postponed Accounting on Import | Yes, under conditions |
| VAT Grouping possible? | Yes |
| VAT Refunds for non-EU businesses? | Norway, Switzerland, Turkey (partial reciprocity) and Serbia |
| Remarks | |
| Link to VAT Law | HERE |
| Remarks |
Here's an overview of the latest VAT news for this country.
