08.19.22
Potential upcoming VAT changes
The fiscal trajectory in 2022 has been a busy one for Romania as it grapples with a partial e-invoicing mandate and multiple tax rates changes.
The Ministry of Finance has opened a consultation which proposes an increase in tax rates from 1st January 2023, in line with the following:
- Fizzy drinks reclassified from 9% reduced VAT rate to standard 19% rate
- Hotel and similar short-term accommodation raised from 5% to 9% reduced rate
- Catering services, cafés and restaurants reclassified from 5% reduced rate to 9% for food and non-alcoholic drinks
- 5% reduced rate on a range of small dwellings.
Romania is a compliant territory in Tungsten Network and we will continue to monitor and support any new tax rates in the country. The Tungsten Network Web Form portal currently supports all valid VAT rates in Romania.
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Browse Romania updates
European Union Council derogation approval
- Mandate information
Proposed VAT rate changes
- VAT/G(S)ST rate information
Proposed new VAT rate
- VAT/G(S)ST rate information
EU derogation to mandate B2B e-invoicing
- Mandate information
Response to VAT in the Digital Age (VDA) proposal
- Country updates
Use and operation of RO e-Transport System
- Mandate information
Changes to procedure for use of RO e-Invoice
- Mandate information
Delay for proposed universal B2B e-invoicing mandate
- Mandate information
Changes to VAT rates in 2023
- VAT/G(S)ST rate information
Proposed tax rate changes
- VAT/G(S)ST rate information
e-Transport system
- Mandate information
Extension of reverse charge on specific supplies
- Country updates
Potential upcoming VAT changes
- VAT/G(S)ST rate information
Extension of reverse charge mechanism
- Country updates
Potential for mandatory e-invoicing for all B2B transactions
- Country updates
Extension of VAT-exemption for imports of goods to combat Covid-19
- VAT/G(S)ST rate information
Donations of goods and services to Ukrainian people free of VAT
- VAT/G(S)ST rate information
Proposal of e-transport
- Mandate information
Virtual Private Space (VPS) – mandatory for taxpayers
- Mandate information