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  • New split VAT payment mechanism in Romania

    New split VAT payment mechanism in Romania Romania will introduce the split VAT payment mechanism as from 1 October 2017. This mechanism will be optional until 1 January 2018, when it will become mandatory for all businesses in Romania. What is the split VAT payment mechanism The split VAT payment is a deviation from the general rules on VAT. Under the usual rules of VAT, the supplier issues an invoice for the net and VAT amount to the customer. The...
    • By Marosa VAT
    • Published 08/09/2017 9:30
  • New return form and VAT registration changes in Romania

    The Romanian authorities have updated the forms used to submit VAT returns and the forms of ECSL returns. The VAT return changes reflect the standard VAT rate update introduced last January 2017. The new forms are available in the website of the Romanian tax authorities . They are currently only available in Romanian, but please contact us if you would like to receive a translation of these forms. VAT registration changes In addition to the changes on VAT and ECSL forms,...
    • By Marosa EU VAT
    • Published 26/02/2017 12:34
  • Changes to the VAT registration process in Romania

    Changes in VAT and ECSL returns  The Romanian authorities have updated the forms used to submit VAT returns and the forms of ECSL returns. The VAT return changes reflect the standard VAT rate update introduced last January  2017.  The new forms are available in the website of the Romanian tax authorities . They are currently only available in Romanian, but please contact us if you would like to receive a translation of these forms. New VAT registration process in Romania In...
    • By Marosa VAT
    • Published 26/02/2017 9:48
  • Romanian VAT rate reduction upheld

    The recent elections results in Romania have raised doubts about the expected VAT rate decrease of 20% to 19% on 1 January 2017. However, our Romanian contact has recently confirmed that the changes will go ahead as planned, including the VAT rate reduction. In addition to the VAT rate update, Romania also announced plans to automatically cancel VAT registrations that have been inactive for a long period of time. Where a VAT number is automatically deregistered, input VAT deduction will not...
    • By Marosa EU VAT
    • Published 30/12/2016 9:51
  • Romania is planning to VAT rate reduction …again

    The Romanian government plans standard VAT rate reduction from 20% to 19%. This is a continuation of the reduction introduced this year, when the VAT rate was reduced from 24% to 19%. It means Romania has gone from 24% to 19% in only 13 months. These plans may be challenged given the higher than expected government deficit and the upcoming elections in the country. In case there is a change in the government, the VAT rate decrease is likely to...
    • By Marosa EU VAT
    • Published 30/11/2016 18:43