EU VAT registration - VAT in Romania

General Information:

Value added tax was introduced in Romania in July 1993. Locally it is called Taxa pe valoarea adaugata locally.

The rules on Romanian VAT are set out in the VAT Act of 2003. Following Romania’s accession to the European Union in 2004, the Ministry of Finance oversees the operation of the VAT system and regularly publishes information containing additional guidelines.

Following Romania’s admission to the EU, the country was required to implement all VAT conditions (with some derogations) set out in the EU’s VAT directives. This includes Romanian VAT registration rules and processes, declaration, compliance, related reports.

VAT registration in Romania for foreign companies:

Foreign companies can register for VAT without having to set up a local company, i.e. you can register as a non-resident. In Romania, there is no VAT threshold for the registration of foreign entrepreneurs. However, the application for a VAT number must reach the appropriate department no later than 10 days after the first taxable supply. This also applies to situations where foreign companies make intra-Community supplies of goods. If you know that you need to register VAT, do not hesitate to contact us and we will help you.

When is VAT registration in Romania required?

⇒ products are stored in Romania and sold to Romanian customers;

⇒ purchase and sale of products in Romania;

⇒ sale of goods from Romania to other EU countries;

⇒ sending goods between and to another EU member state (intra-Community supplies)

⇒ organization of live events (conferences related to art or education) in Romania;

⇒ own delivery of goods;

⇒ if the company is not a VAT payer but uses services in Romania on a reverse charge basis.