pps@marosavat.com | +44 2037 693 728

MarosaVAT EU VAT Services


home / Romania

  • New split VAT payment mechanism in Romania

    Romania will introduce the split VAT payment regime 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 customer will pay the gross amount (net...
    • By Marosa VAT
    • Published 08/09/2017 12:08
  • New VAT form and 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...
    • By Marosa EU VAT
    • Published 26/02/2017 12:34
  • Romanian VAT rate reduction upheld

    The recent elections results in Romania have raised doubts about the expected VAT rate decrease of 20% to 19% in 1 January 2017. However, our Romanian contact has recently confirm that these changes will go ahead as planned. 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 be allowed where such VAT...
    • By Marosa EU VAT
    • Published 30/12/2016 9:51
  • Romania plans to reduce VAT rates

    The Romanian government plans to reduce the standard VAT rate 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...
    • By Marosa EU VAT
    • Published 30/11/2016 18:43