2% VAT hike to 21% to meet EU Euro deficit targets; but Presidential approval outstanding ON 14 July 2025, the Romanian government won a Parliamentary no confidence vote, enabling it to push through a 2% VAT rise to help secure ongoing EU financial support and
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
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
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%
