2024 eFactură B2B e-invoicing regime extends penalty relief Following Romania’s first-stage launch of its mandatory e-invoicing regime in January 2024, it has extended the penalty forgiveness phase from 31 March to 31 May in a draft emergency ordinance issued on 23 March. There is a
No change for dispatches and arrivals of goods across EU reporting thresholds 2024 Romania has gazetted a freeze in the Intrastat thresholds from 1 January 2024. The thresholds will remain as: Arrivals – RON 1 million per annum Dispatches – RON 1 million per annum
Tax authorities deploy AI machine learning and RPI to detect VAT fraud Romania’s Minister for Digitalisation has claimed that the use of Artificial Intelligence machine learning and Robotic Process Automation (RPA) has increased the country’s VAT receipts by between 0.9% and 1.0%. The tax office
Government to scrap most 5% reduced rate, moving most supplies to the standard 19% rate from 1 January 2024 The Romanian parliament has published a Bill reclassifying restaurant, catering and cultural (theatre; cinema) services from the reduced rate of 9% to the standard VAT rate
Ministry of Finance recategorises range of supplies VAT rate The ruling Romanian coalition government has presented a range of fiscal reforms to Parliament. This includes raising VAT rates on a range of supplies. Check our live global VAT rate database. The following will be reclassified
Doubts on budget gap discussions with EU puts VAT rise into play Update 19 Sept: draft law includes a number of measures including VAT on sugary products to avoid a standard VAT rate rise. Proposals for sweeping pubic spending cuts are included. The Romanian coalition
Romanian Standard Audit File for Tax returns in phased launch 2022-25 The Romanian National Agency for Fiscal Administration (ANAF) has launched a phased rollout of its OECD SAF-T based program. SAF-T in Romania is known as Declarației informative (Informative Statement) D406 return, and is in
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
