VAT Returns – Romania

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

RateTypeWhich goods or services
19%StandardAll other taxable goods and services
9%ReducedCertain 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%ReducedBooks (excluding e books); Newspapers and periodicals; Admission to shows, theatres, circuses, etc.; Social housing; Sporting events
0%ZeroIntra-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 : EUR 65.000 (ROL 220.000)
Distance Selling Threshold : EUR 25.360 (ROL 118.000)
Dispatches : EUR 265.909 (ROL 900.000)
Arrivals : EUR 147.727 (ROL 500.000)
Intra-Community Acquisition Threshold : EUR 7.300 (ROL 34.000)
VAT Free Shopping for Tourists : EUR 175

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 – by 15th working day following reporting period