Standard VAT rate is 24% and reduced one is only 5%, 9%. Important Disclaimer: As of 01/01/2021, the VoW service to validate UK (GB) VAT numbers ceased to exist while a new service to validate VAT numbers of businesses operating under the Protocol on Ireland and Northern Ireland appeared. from Uber which is based in the Netherlands). The VAT number format is RO XXXXXX (the prefix is RO, but the number … the VAT number has not been activated for intra-EU transactions the registration is not yet finalised (some EU countries require a separate registration for intra-EU transactions). VAT %: % Pre-VAT Price: Price: VAT Amount: See also: Percentage calculator. rates of 9% and 5%. VAT numbers are usually printed on an invoice or receipt—especially if the company includes the VAT tax in their prices. Additional tools ; VIES VAT number validation. Once registered for VAT, the taxable person (or non-taxable legal person) receives a VAT identification number composed of a unique number with 8 digits preceded by the letters 'LU'. VAT number format VAT in local languages Enquiry letter; Austria (AT) … Tax identification numbers can be verified with the Ministry of Public Finance, and will follow a certain format. Reduced rate 9% – This applies to delivery of selected medical devices, tools and medicals, accommodation and hotel services, selected types of food, restaurant and catering services, water supply and supply of agricultural products. VAT rates. Member States may apply either one or two reduced rates [ not lower than 5%] only to supplies of goods or services as listed in the Annex III of the VAT Directive. Some of the most common examples are: If you are currently, or plan to conduct any of the above (or similar) transactions in Romania, you should contact us immediately for a complimentary consultation. Fully Paid Share Capital: Euro 48,013,959. Content accessible only by subscribers of the Premium account. If your company is not established in Romania and is providing ‘taxable supplies’ of goods or services in Romania, it might have to attain a non-resident VAT registration. A business established in a country outside the EU must appoint a tax representative to register for VAT in Romania, © Copyright 2021. Process of VAT number registration is maintained by the Romanian Ministry of Finance. £. Romania VAT – The Rates & Registration. rate in Romania in 2020 is 19%. By signing up, you agree and accept the Terms of Use, Master Terms, Pricing and Data Protection Agreement. Local name for VAT number in Romania is Cod de înregistrare în scopuri de TVA. Additional tools ; Validarea numărului de înregistrare pentru TVA - VIES. all countries of European Union VAT number ROMANIA. You will receive an email with your login details shortly. Importing goods into Romania from outside the European Union, Selling goods from Romania which are delivered to customers outside of Romania (business or private customers), Acquiring goods in Romania from another EU country (Intra-community acquisitions), Holding inventory in Romania for sale, distribution or consignment, E-commerce sales of goods to consumers, subject to Distance Selling VAT registration thresholds, Organising events in Romania where attendees or delegates must pay admission. Do not fill in the currency, e.g. the VAT law in Romania stipulates that intra-community passenger transportation and international passenger transportation is charged with a 0% VAT rate; starting with 1st of November 2018, the VAT rate for hotel accommodation was lowered from 9% to 5%. To find a VAT number, look for 2 letters followed by a hyphen and 7-15 numbers. VAT Rates: VAT Number Format: Distance Selling Threshold: Intrastat Threshold: 19% (Standard) RO1234567890: RON 118,000: RON 900,000 (Arrivals) 5 / 9% (Reduced) Romania VAT number format . The vfile trial shall be free for use for the first thirty (30) days from signing up. Validate a VAT number. Romania’s VAT decrease has been postponed because the country has been struggling to reduce its deficit Gross Domestic Product to 3%. You can e.g. All EU member states have a fixed format for their VAT numbers. ... VAT Calculator. The Sales Tax Rate in Romania stands at 19 percent. If you are registered for VAT in Finland, the VAT number is formed using the country code FI and a string of digits that is the same as the Business ID without the dash between the two last digits. Experience the full power of the Premium subscription, and gain access to all our Romanian tax guiding and business resources and expertise: valuable tax guides, immigration guides, business setup guides, articles and opinions detailing valuable Romanian business concepts, tax calculators for Romania, news, etc. For example, if the Business ID is 0765432-1, the Finnish VAT number is FI07654321. Foreign businessmen who want to obtain a Romania VAT number should know that for registration of legal entities in the Trade Register, when predicting overruns of the 300,000 lei threshold, the documentation required for VAT registration ( form 098 and form 088) is deposited on the same day as filing the documentation with the Trade Register. Look at an invoice or insurance document to find a VAT number. VAT rates: Standard: 24%: Reduced: 9% and 5%: Other: Exempt without credit and exempt with credit: VAT number format: RO XXXXXX (the prefix is RO, but the number of digits may vary) VAT return periods: Monthly (quarterly, half-yearly or annually if granted special permission) Thresholds: Registration: EUR65,000 : Distance sales: EUR35,000 Once the registration has been granted, which takes approximately two weeks, a unique Romanian VAT number is allocated to the company. The VAT was originally raised in 2010 to 24% during the European financial crises, but has since been cut to 19% in January 2017. Fill out this form and one of our consultants will create your vfile account. Once you've registered for VAT, your business is provided with a unique VAT number that other businesses need to reclaim the tax paid. The standard VAT rate is set at a 19% rate for most goods and services provided in Romania, but one should know how the reduced VAT rates apply. The fiscal period for VAT can be: VAT Registration Numbers. Standard rate 21%. fill in VAT % and price - and get pre-VAT price as result. These changes are not always reflected immediately in the national databases and consequently in VIES. This page provides - Romania Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news. Services and goods provided by a non-established to a VAT registered customer in Romania are subject to the reverse charge and the customer accounts for the VAT. We use cookies to help us improve, promote and protect our services. The VIES registration became a generic name in Romania, this procedure is called “obtaining of a VAT special code for intra-community transactions”. 4. What is the format of a Romanian VAT number? OPEN COMPANY ROMANIA - SRL. ). All VAT information are provided for free with no guarantee. If a company not established in Romania is providing ‘taxable supplies’ of goods or services in Romania, it may have to obtain a non-resident VAT registration. By continuing to use the site, you agree to our cookie policy. Fill out this form and one of our consultants will contact you shortly. Registered in the REA Torino 474119 Once a company has received approval for an VAT number, see our EU VAT Number … The SRL - limited liability company is a legal entity with one up to 50 associates.This business is based on foundation documents. Romania applies a standard VAT rate of 19% [as from 01/01/2017] and two reduced VAT rates: 5% and 9%. Short facts about the applicable VAT in Romania. If the VAT payable per quarter exceeds HUF 1,000,000 (about EUR 3,000) in any quarter, the taxpayer will return to monthly VAT return submission in the first month following that quarter. The VAT identification number is used for intra-Community trade. 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