Romania
VAT Name :
Taxa pe valoarea adaugata (TVA)
VAT Number Format :
12, 123, 1234, 12345, 123456, 1234567, 12345678, 123456789, 1234567890 (2 to 10 digits)
VAT Information Offices :
Ministerul Finantelor Publice , Directia Impozite Indirecte, Strada Apolodor nr.17, Sector 5, Bucharest
RATES
| Rate | Type | Which goods or services |
|---|---|---|
| 19% | Standard | All other taxable goods and services |
| 9% | Reduced | Certain foodstuffs, supplements and substitutes; Live animals and plants for foodstuffs; Drinking water; Human and animal medicines; Certain medical equipment; Certain agricultural items; Hotel accommodation; Restaurants and catering |
| 5% | Reduced | Books (excluding E-books); Newspapers and periodicals; Admission to shows, theatres, circuses, etc.; Social housing; Sporting events |
| 0% | Zero | Intra-EU and international passenger transport |
EXEMPTIONS
- Financial and insurance services
- Letting of immovable property
- Letting of residential property (excluding short term letting)
- Letting of commercial property
- Medical treatment
- Certain radio and TV broadcast
- Social, cultural and sports assistance made by public institutions
- Supply of land
- Option to tax can apply in certain cases to leasing and letting of immovable property, supply of buildings and land
THRESHOLDS
Registration Threshold : RON 220.000
Distance Selling Threshold : RON 118.000
Dispatches : RON 900.000 (simplified) or RON 10 million (full)
Arrivals : RON 900.000 (simplified) or RON 20 million (full)
Intra-Community Acquisition Threshold : RON 34.000
VAT Free Shopping for Tourists : EUR 175
Non-Resident : Non-resident businesses without a fixed establishment must register for VAT (nil threshold)
PENALTIES
Late Filing/Payment : Fines up to ROL 5.000 can apply
Late or inaccurate Intrastat : Minor penalties apply
Late filing of EC Sales : Up to ROL 5.000 for late or incorrect sales list
Other :
– Penalties may apply in cases of tax fraud, evasion, etc.
DEADLINES
Assessment Period : 5 years (can be extended up to 10 years for tax audit)
Standard Tax Period : Monthly
Quarterly where turnover > EUR 100.000
6 monthly and annual on request and in certain conditions
ESL monthly filing submitted by 25th day following reporting period
Intrastat filing – 15th of the month following reporting period