New Tax Legislation: VAT Changes and Global Minimum Tax for Enterprises Effective September 2025

• Ordinance No. 22/2025 amends the Fiscal Code, effective September 1, 2025
• Increases the annual turnover threshold for VAT exemption for small enterprises from RON 300,000 to RON 395,000
• Requires VAT registration for businesses exceeding the new threshold
• Introduces provisions for default and voluntary VAT registration
• Allows Romanian businesses to apply for VAT exemption in other EU states and vice versa
• Transposes Directive (EU) 2022/542 regarding virtual activities and events
• Suspends e-VAT compliance obligations until December 31, 2025
• Ordinance No. 21/2025 aligns Romanian law with global minimum taxation rules for large enterprise groups
• Introduces the term “transferable tax credit” for reducing tax liability

Source: taxhouse.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.

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