- Repeal of minimum turnover tax effective January 1, 2026.
- VAT law amendments effective September 1, 2025, to implement EU Directive 2020/285, raising the SME VAT exemption threshold to RON 395,000 and introducing related rules.
- Implementation of EU Directive 2022/542, introducing VAT rules for virtual event admissions and updating margin scheme rules for works of art.
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"
- RO e-VAT: Enhanced Desk Audit, Discrepancy Notifications, and Temporary Suspension of Penalties Until 2025
- Romania Introduces 0.5% Additional Turnover Tax for Oil and Gas Sector Activities
- VAT Cash Accounting System: Eligibility, Application, and Duration for Romanian Taxable Persons
- Romania Maintains 2026 Intrastat Thresholds at RON 1 Million for Arrivals and Dispatches
- Romania Intensifies 2025 Tax Audits with Digital Tools, E-Invoicing, and Stricter Compliance Measures
