Romania VAT Services

VAT Registration in Romania


VAT Registration in Romania

You need VAT Registration in Romania to follow certain steps and fulfill specific requirements. You must register for VAT if your annual turnover exceeds a certain threshold. As of my knowledge cutoff in September 2021, the threshold is 300,000 Romanian Lei (RON) for the preceding 12 months. However, VAT thresholds and requirements may change, so it’s important to verify the current regulations.


What documents need for VAT registration in Romania?

Before starting the registration process, gather the required information, such as your company details, contact information, bank account details, and information about your business activities. The VAT registration process in Romania is typically done online through the ANAF portal. You can access it through their official website. Once you have completed the form and gathered the necessary documents, submit them electronically through the ANAF portal. Ensure that all the information provided is accurate and up to date.


Submit VAT returns in Romania

Once you are registered for VAT, you will be required to maintain accurate records of your business transactions, including sales, purchases, and VAT amounts. These records are important for filing regular VAT returns.

ANAF will specify the frequency of your VAT returns, which is typically either monthly or quarterly. Fill out the VAT return form provided by ANAF, reporting your sales, purchases, and VAT calculations for the relevant period. Include the amount of VAT you owe in the return. Once you have completed the VAT return form, submit it to ANAF. This is usually done electronically through their online portal. Ensure that the return is accurate and submitted within the specified deadline.


VAT payment in Romania

In Romania, VAT (Value Added Tax) payments are made to the National Agency for Fiscal Administration (ANAF) based on the VAT returns you file. Calculate the VAT liability for the specified period by deducting the VAT you are entitled to reclaim on your purchases (input VAT) from the VAT you have charged on your sales (output VAT). The difference is the amount of VAT you owe to ANAF. ANAF will review your VAT return and assess the amount of VAT you owe based on the information provided. They may also conduct audits or request additional information if necessary. After receiving the VAT assessment, you are required to make the payment to ANAF. The payment can be made through various methods, including bank transfer, online banking, or other electronic payment options specified by ANAF.


Keep records

Maintain accurate records of your VAT payments, including payment confirmations, receipts, and any relevant documentation. These records are important for your business’s financial records and for potential future audits.

It’s important to note that the specific rules and procedures for VAT payments may be subject to change, so it’s advisable to consult the latest guidelines provided by ANAF or seek professional advice to ensure compliance with the current regulations.