Romania V.A.T. and Other Taxes





Romania VAT

The standard V.A.T. rate in Romania in 2020 is 19%.
There are reduced V.A.T. rates of 9% and 5%.
The reduced 9% VAT rate applies to hotel services, books, newspapers and medicines.
The reduced 5% rate applies to buildings supply.



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 EUR 88,500.



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