- 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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