Taxable persons whose registered office is in Romania
- These do not have to waive the application of the special exemption regime for small businesses in the process
Romanian
Just recently, the Romanian government made some changes to the VAT law. Below you will find the latest regulations and innovations at a glance.
Changes in Value Added Tax
As of September 2021, the One-Stop-Shop (OSS) application is permitted for certain taxpayers. The following taxpayers are covered by the new rule:
VAT reduction on heating energy
The Romanian government has recently determined that a reduced VAT rate of 5% will apply to supplies of heating energy intended for domestic use. This regulation is to come into force as of January 13, 2022.
New Romanian VAT regime for trade
The new EU VAT package, which was just recently approved by the Romanian government, came into force on July 1, 2021. The regulation also stipulated that the equivalent of the EUR 10,000 threshold in Romanian LEU (RON) should be RON 43,337. This value applies to certain services provided by EU suppliers.
The VAT refund procedure
Recently, the amendment of the VAT refund procedure was decided in Romania. The refund mechanism is to be changed by subsequently auditing all taxpayers. The tax audit will be decided on the basis of a risk analysis.
Stay informed and read regularly VAT renewals in Romania with us on the website. INPOSIA keeps you up to date!
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Muzaffer Havcarci
INPOSIA e-Invoicing-Specialist
