Romania’s Law No. 141, effective August 1, 2025, repealed VAT exemptions for NGOs, setting an October 31, 2025, deadline for filing reimbursement requests. The law significantly increased the standard VAT rate from 19% to 21% and the reduced rate from 5% to 11%, also reclassifying some supplies. NGOs receiving VAT refunds must strictly use the funds for non-profit purposes and must meet qualifying criteria or face repayment obligations. In addition to transitional rules for a 9% VAT rate on specific dwellings until mid-2026, the law also implemented higher dividend tax rates and introduced a new supplementary tax on banks.
Source: kpmg.com
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"
- ANAF to Pre-fill VAT Return Using SAF-T Data in Pilot Program
- Romania Expands RO e-Invoice Registration: New Form 082, More Entities Required by 2025-2026
- Antreprenorii Must Know Their Businesses: SAF-T Reveals More, But Doesn’t Help Struggling Companies
- Romania Eases RO e-Invoice Rules for Small Businesses and Individuals
- Romania expands taxpayer obligations regarding RO e-invoice register
