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Romania Proposes Direct Tax Repeal and VAT Law Amendments Effective 2025-2026 – VATupdate

Romania

Romania Proposes Direct Tax Repeal and VAT Law Amendments Effective 2025-2026

12 months ago

86 views

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.