2024 Romania eFactură B2B electronic invoice full rollout Romania has dropped plans for a phased rollout to all companies of mandatory B2B e-invoicing. Instead, it will aim for a single 2024 ‘Big Bang’. Ministry of Finance has now confirmed. This follows the July 2022 first round
Switch to 9% reduced VAT rate on hotels and catering services From 1 January 2023, a range of taxable supplies are recategorised between VAT rates. This includes overnight hotel accommodation and similar which move from 5% to 9% rates. The same for catering services, which
Increase for dispatches and arrivals of goods across EU reporting thresholds 2023 Romania has gazetted a rise in Intrastat thresholds from 1 January 2023. The increases will be as follows: Arrivals – raised from RON 0.9 million to RON 1 million per annum Dispatches –
1st round Romanian Standard Audit File for Tax returns delayed to 1 January 2023 The original list of taxpayers subject to monthly SAF-T reporting have been given a further six months soft landing phase. This means their 2022 reports will not be due until 31
January 2023 rate rises to sparkling drinks, hotels and catering VAT The VAT amendments to the fiscal code have been agreed for 1 January 2023 Fizzy drinks reclassified from 9% reduced VAT rate to standard 19% rate. Hotel and similar short-term accommodation raised from 5%
Romania eFactură electronic invoices now open to registrations; phased launch 2022-23 Eligible businesses may now register for Romania’s new B2B RO e-invoicing regime. The first phase of mandated e-invoices is for fraud high-risk supplies (see below), and starts 1 July 2022 the Ministry of Finance has
Inflation hits 8.4%; rise to nearly 10% forecast Romania is proposing cutting VAT on automobile fuel to 5% from 1 April 2022. This would cover: leaded gasoline, unleaded gasoline, liquefied petroleum gas (LPG) and diesel. VAT cut on domestic electricity from April is also being
Inflation hits 8.2% prompting food VAT cut following domestic electricty reduction Inflation in Romania has now hit a 10-year record at 8.2% in December. It started the year at 3%. The government is therefore discussing cutting VAT on basic foodstuffs from 9% reduced rate to
23% domestic electricity inflation forces extended tax subsidy The Romanian government is considering an extended reduced VAT rate on domestic energy prices for low-volume consumers. This would maintain the reduced Value Added Tax rate at 5% instead of the 19% standard VAT rate between April
