Romania updated VAT Return Form: What You Need to Know

Romania approved a new VAT return form. This form includes additional boxes to report separately the new VAT exemptions.

Romania has modernized its VAT return form, popularly known as the D300, to align with new VAT regulations. This updated Romanian VAT return form introduces specific sections that make it easier for businesses to report the latest exemptions in healthcare and other sectors.

Key Changes in Romanian VAT Exemptions: A Focus on Healthcare

Romania’s VAT legislation now features additional exemptions aimed at healthcare and disability-related equipment:

  • Hospital Construction: The new VAT exemptions cover services associated with the building, modernization, and renovation of hospitals in Romania's public network or those under non-profit entities registered in ANAF’s Public Register. These are detailed in Article 294.5.a) of the Romanian Fiscal Code
  • Medical Equipment & Goods for Disabled Persons: Supplies of healthcare-focused medical equipment and essential goods for disabled individuals are now VAT-exempt. Adaptations, repairs, rentals, and leases to hospitals are also covered. Refer to Article 294.5.b) of the Romanian Fiscal Code for more information.
  • Prosthetic Products: Delivery of prostheses and related accessories are now exempt, as outlined in Article 294.5.c) of the Romanian Fiscal Code. Dental prostheses are exempt under a different article.
  • Orthopedic Products: The delivery of orthopedic products is also now exempt, as described in Article 294.5.d) of the Romanian Fiscal Code.

You can find here the legislative update.

Key Updates in the Romanian VAT Return Form D300

Released on August 28, 2023, the new Romanian VAT return form, D300, incorporates two new sections within line 14:

  • Row 14.1: This section is designated 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 is 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

These adjustments serve the purpose of making it easier to identify transactions that qualify for exemptions. They also enable more detailed analysis and assessment of these transactions. This modernized form aims to make reporting more transparent and streamlined, aligning with the latest standards for efficient tax management.

You can find here the updated form D300.

Find here our overview on Romanian VAT rates.

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