Romania backtracks: 2% VAT hike to 21% reinstated to meet EU Euro deficit targets The Romanian Prime Minister has reintroduced on 2 July a previously ruled out standard VAT rate rise to 2% from 1st August 2025. This is forecast to raise RON 6 billion
Goal to close VAT Gap pushes debate on removing VAT cash payments Romania is considering more extensive adoption of the anti-VAT fraud reverse charge mechanism. This eliminates the VAT cash payment from a B2B customer to their supplier – so no further factional payments of
Domestic Sales & Purchase Reporting (Form D394) The Romanian Domestic Sales and Purchase Listing (Declaraţie informativă privind livrările/prestările şi achiziţiile efectuate pe teritoriul national – D394) is a mandatory report that captures local sales and purchase transactions, along with other specific details per Romanian reporting
Jan 2025: eFactură B2B e-invoicing regime extended to B2C; Simplified invoices; relaxed penalties Following B2B e-invoicing going mandatory on 1 July 2024, the Romanian Ministry of Finance has implemented from 1 January 2024 via draft Emergency Ordinance a number of new requirements. The full, eFactură
Emergency cut from reduced VAT rate of 9% to 6% Dec 2024 An emergency period VAT rate cut for the hospitality sector from 16 December 2024. The new rate will be the lower reduced rate of 6%. Hospitality was originally subject to the 5% rate
No change for dispatches and arrivals of goods across EU reporting thresholds 2025 Romania has gazetted a freeze in the Intrastat thresholds from 1 January 2025. The thresholds will remain as: Arrivals – RON 1 million per annum Dispatches – RON 1 million per annum
RO eVAT pre-filled returns 1 August 2024 – fines further delay till July 2025 The Ministry of Finance has indicated that it will extend for a further six-months the soft-launch of pre-filled VAT returns. Under the proposals, there will be no penalties until 1 July
1 January 2025: Romanian SAF-T monthly transaction reporting extended to VAT registered non-residents The Romanian National Agency for Fiscal Administration (ANAF) is extending its monthly Standard Audit File for Tax (SAF-T) report to foreign, VAT-registered businesses. This will apply from 1 January 2025. Reports are
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
