Romania

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