Romania VAT
The standard V.A.T. rate in Romania in 2023 is 19%.There are reduced V.A.T. rates of 9% and 5%.
The reduced 9% VAT rate applies to hotel services, food, water supply and medicines.
The reduced 5% rate applies to buildings supply; books and newspapers.
Insurance companies, banks and financial services in Romania are exempt.
The fiscal period for V.A.T is the calendar quarter.
When the annual turnover exceeds EUR 100,000 the VAT returns are filed monthly.
The V.A.T return has to be filed by the 25th of the month following the reporting period.
V.A.T registration is compulsory when the annual turnover for the previous year was above RON 300,000
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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