The main requirements and steps for VAT registration for Romanian businesses and foreign companies doing business in the country. Find out more: https://www.romania-company.com/registration-for-vat-purposes.php

1. VAT REGISTRATION IN ROMANIA
A presentation brought to you by Romania-Company.com

2. The value-added tax is an indirect tax applicable to all companies
doing business in Romania, when their taxable transactions fall
under the scope of this tax.

3. The taxation regime is an important
criterion for foreign investors to
decide to open a company or a
branch in Romania.

4. The value-added tax is just one
of the corporate taxes
applicable to local and foreign
companies that conduct business
activities in Romania.

5. The current VAT rate has a standard value of 19%.
Two reduced rates apply to certain types of goods and services: 5% and 9%.

6. books, newspapers, and magazines;
cultural and certain entertainment services;
transport services, and others.
Examples of services taxed at the 5% rate include:

7. certain medical supplies;
food and beverages (with some exceptions);
certain types of agricultural products, and others.
Examples of services taxed at the 9% rate include:

8. Certain companies in Romania are exempt from VAT with credit, while others
are exempt from this tax without credit. Our local VAT experts can give you
more details.

9. Companies register for VAT purposes
in Romania on a voluntary basis or
when their annual turnover exceeds
or is expected to exceed, RON
300,000 (approximately EUR
88,500).

10. VAT registration takes place upon submitting a special
registration form to the competent tax body in Romania.
Registration can also take place during the tax year.

11. Our team assists local and foreign companies
that fall under the scope of the value-added tax
and need to submit their registration with the
Romanian authorities.

12. THANK YOU FOR WATCHING!
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