- VAT on real estate deliveries is determined by the rate in effect at the time of actual delivery, not when the advance was paid.
- If full payment was made at 19% VAT before 1 August 2025, but delivery occurs after the rate increases to 21%, the VAT must be adjusted to 21%.
- The supplier is required to recalculate and adjust the VAT to the new rate at the time of transfer, even if payment was made in advance.
- This adjustment is necessary to comply with the Fiscal Code and avoid double taxation.
Source: teaha.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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