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Romania


Romania raises cash-based VAT reporting threshold

Romania’s threshold for small businesses to use the simplified cash-based VAT reporting threshold has been increased from RON 2.25m to RON 4.5m per annum. Cash based reporting enables small businesses...Continued

Romania announces VAT relief for coronavirus

The Romanian Ministry of Finance has announced Value Added Tax and other tax easements during the Covid-19 outbreak. ...Continued

Romania extends VAT registration threshold

The European Commission is to agree to Romania extending its existing VAT registration threshold until 31 December 2021. Romania introduced the current threshold on 1 January 2018...Continued

Romania withdraws VAT split payment Feb 2020

Romania is scrapping its anti-VAT fraud split payment regime from 1 February 2020. This is following a November 2018 EU Commission warning that it was not compatible with the EU VAT Directive and the ...Continued