08.04.23
Proposed VAT rate changes
Having reviewed its existing VAT rates, Romania is now considering the abolition of its 5% reduced VAT rate, with the Coalition government now set to debate the measure.
The abolition of the 5% VAT rate may not provoke immediate changes in the Kofax system, if confirmed. Suppliers may need to raise credit or debit notes some time after a VAT rate ceases to be effective. Nevertheless, Kofax will monitor any confirmation in this respect.
The Romanian government is also proposing that restaurant, catering and cultural services are increased from the 9% reduced VAT rate to 19%, the standard VAT rate in Romania.
Romania is a compliant territory for Kofax, and our e-invoicing solution captures all valid VAT rates in the country.
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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