- The Government approved a memorandum for taxable persons from the UK to benefit from VAT refund in Romania
- Taxable persons from the UK will benefit from VAT refund based on a declaration of reciprocity
- The measure is taken because the UK is no longer an EU member and the transition period has ended
- UK has third country status for VAT purposes from January 1, 2021, except for transactions with goods covered by the Ireland/Northern Ireland Protocol
Source: stiripesurse.ro
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Romania"
- New Tax Legislation: VAT Changes and Global Minimum Tax for Enterprises Effective September 2025
- Romania Considers VAT Increase to 23% in 2026 Amid Budget Revenue Concerns
- Romania Considers Increasing VAT to 23% in 2026 Amid Fiscal Pressures
- Romania Increases VAT Registration Threshold, Implements EU Small Business VAT Exemption Scheme
- New VAT Exemption Thresholds and Compliance Rules for Small Enterprises Effective September 2025
