Romania updated VAT Return Form: What You Need to Know
Romania approved a new VAT return form to be used for reporting periods starting May 2024. This form removes certain boxes for VAT exemptions incorporated last year.
Romanian VAT Exemptions Derogated
Romania derogated certain VAT exemptions approved back in 2023, aimed at healthcare and disability-related equipment. These were the former exemptions recently cancelled:
- Hospital Construction.
- Medical Equipment & Goods for Disabled Persons.
- Prosthetic Products.
- Orthopedic Products.
The previous supplies are not VAT exempt since January 2024, as part of the budgetary plans of the country.
Romanian VAT Return (Form D300) Updated
Starting by May reporting period, there is a new VAT return form to be used in Romania. The new VAT return form (form D300), removes the following sections within line 14:
- Row 14.1: This section was designed for reporting VAT exemptions concerning hospital construction and medical equipment, in accordance with Article 294, paragraph (5), letters a) and b) of the Tax Code.
- Row 14.2: This section was for documenting VAT exemptions relating to the supply of prostheses and orthopedic products, in line with Article 294, paragraph (5), letters c) and d) of the Tax Code.
You can find here the updated form D300.
Find here our overview on Romanian VAT rates.