Romania being an EU member state falls under the EU VAT regime. Member states must adopt EU VAT Directives into their own legislation.
Standard VAT Rate: 19%
Reduced VAT Rate: 5%, 9%
Registration Threshold Distance Selling: 118,000 RON
EU VAT number format: RO999999999
Resident EUR 65,000
Non resident - There is no registration threshold
IC Acquisitions -EUR 10,000
A non-resident taxable person must register for VAT purposes in Romania before he carries out VAT-able operations in Romania for which he is liable to pay VAT.
Direct registration (only for non-resident taxable persons resident in the EU)
Detailed rules regulate reporting requirements of Romanian transactions for Value Added Tax purposes. These include: invoice requirements, timeliness for an invoice to be issued, invoice and credit notes corrections rules, foreign currency reporting requirements and exchange rate sources, correction of previously submitted returns and accounting records that must be maintained for VAT purposes.