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
Ministry of Finance opens consultation for January 2023 rate rises to sparkling drinks, hotels and catering VAT The VAT amendments included within the consultation include: 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
e-publications allowed same VAT rate as paper-versions Romania is to reduce the Value Added Tax rate on e-books from 1 January 2022. This will include audio books, blogs, electronic newspaper and journals. The follows a 2018 agreement between member states to allow the harmonisation of
Next round of taxpayers added to Declaration 406 requirements; given 6-month soft landing for first filing The Romanian National Agency for Fiscal Administration (ANAF) has named an additional round of large taxpayers who will join the new Standard Audit File for Tax (SAF-T) D406. These 1,500
6 month grace period – first Romanian SAF-T ‘Declaration 406’ not due until 30 June 2022 The Romanian National Agency for Fiscal Administration (ANAF) has provided fresh guidance on the launch for large taxpayers of its version of the OECD Standard Audit File for Tax
