Country Romania
Currency RON
EU Member State Yes
Standard VAT rate 24%
Reduced VAT rate 5% / 9%
VAT registration limit for established businesses 65000 Euro
VAT registration limit for non-established businesses Nil
VAT registration rate for distance sellers 118000 RON
VAT return filing periods Monthly or quarterly
Annual returns No
Intrastat thresholds: dispatches and arrivals 900000 RON for dispatches / 500000 RON for arrivals
EC Sales Lists frequency Monthly
Additional reporting requirements A monthly or quarterly declaration of the supply of goods and services to Romanian businesses
VAT recovery by non-established non-EU businesses Switzerland and Turkey
Reverse Charge Yes for the majority of cross border activity
Fiscal representative required for non-EU businesses Yes
Statute of limitations 5 years in most instances