Starting January 1, 2025, the minimum gross national salary in Romania will be 4,050 lei per month for a standard working schedule....

Mandatory invoice elements in Romania: date, unique number, supplier and buyer details, description, taxable amount, VAT rate and VAT amount

Updated fiscal laws, managing budget debts, raising pension thresholds, and revising VAT, gambling, and tax regulations.

Fast-track your Romanian VAT registration and avoid unnecessary fees & delays. Learn the less-known method for new businesses.

Dividing business raises flags for the Tax Agency ANAF because of the VAT implications. Liquidating business also involves a VAT check.

Expired office rent contract, expired administrator’s mandate, neglecting the 6-months rule, becoming a high risk taxpayer

Background info. How long will it take? Which documents will I be asked to present? What is the result?

Basic conditions, mandatory preliminary cross-checks and VAT refund advice for a business in Romania

The VAT system la încasare is very advantageous for service providers, who usually have low expenses and do not have much VAT to deduct

I will pay VAT only after I receive the money from my clients. At the same time, I can only deduct VAT from suppliers after paying them

TVA la incasare is due when I receive the money I invoiced - and TVA la facturare is due when I invoice

The difference is given by two main factors: revenue and intra-community acquisitions of goods

VAT-related warning flags and triggers for fines, penalties and charges, visible in a Romanian trial balance

According to the ECJ, checking if a Romanian supplier is VAT-registered is not mandatory. However, in certain cases it may be useful.

Four cases: 1) before or 2) after revenue of RON 300k, 3) intra-EU transactions, 4) e-commerce

Getting the VAT code has several advantages: I will be able to do business with companies in the EU and get back VAT paid to Romanian firms