All EU member states have a fixed format for their VAT numbers. In Romania, it includes 8 digits and the prefix RO (e.g., RO 01234567).
The standard VAT rate in Romania is 19%, with reduced rates of 9% and 5% on certain goods and services.
All businesses with a Romanian VAT number must submit periodic VAT reports and payments.
For all companies that operate in Romania, VAT returns must be submitted monthly or quarterly, depending on the annual revenue of the business entity.
In the case of the late filing of VAT returns and payments, the Romanian government prescribed the penalties as follows:
Non-registration and/or late registration are subject to fines, from RON 1,000 to RON 5,000 for the medium and large taxpayers and a penalty from RON 500 to RON 1,000 for other taxpayers.
Non-payment and/or late payment of the VAT may lead to the following penalties:
Failure to submit or late submission of VAT returns will trigger a fine from RON 1,000 to RON 5,000 for the medium and large taxpayers, and a fine from RON 500 to RON 1,000 for other taxpayers.
The fine for submission of incorrect or incomplete VAT recapitulative statements is from RON 500 to RON 1,500.
Invoices must contain at least the following information:
Failure to present documents upon the request of the Romanian tax authorities is subject to a fine between RON 4,000 and RON 10,000 for the medium and big taxpayers and a penalty from RON 2,000 to RON 5,000 for the other taxpayers. The taxpayers have a chance to reduce that fine by half if they pay within 48 hours.
Electronic invoicing is permitted but not mandatory at this moment.
The companies are obliged to send monthly sales records to the National Fiscal Authority (Agenția Națională de Administrare Fiscală – ANAF).
Monthly data must be transmitted to the ANAF by the 20th of the month for the previous month.
Date updated [May 12, 2021]
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