Multinationals risk tax penalties, audit issues, and distorted reporting if account 473 remains unresolved in Romania. Learn best practices for HQ oversight.

Tax penalties, legal disputes, reputational damage, and valuation issues for your company - all stemming from the suspense account 473.

Romania raises its standard VAT from 19% to 21% on Aug 1, 2025, and unifies the 5% and 9% reduced VAT rates at 11% under new fiscal law 141/2025.

Romania adopts new technical rules under Order 1815/2025 for customs laboratory procedures. Learn what’s analysed, who performs it, and how results are certified.

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Romania’s High Court confirms taxpayers may amend tax forms to correct the taxable base—not just clerical errors—within the statute of limitation. Learn how Decision No. 61/2025 impacts your tax compliance.

ANAF updates list of documents issued via the Central Printing Centre. See the 17 new types of fiscal and procedural acts.

The EU Council has adopted the electronic VAT exemption certificate, replacing paper forms with a streamlined digital solution.

Romanian businesses registered for VAT now receive pre-filled VAT returns through the RO e-TVA system. Learn how it works.

New VAT rules will impact online platforms, electronic invoicing, and tax reporting by 2030. Learn how these changes affect businesses.

Starting January 1, 2025, the minimum gross national salary in Romania will be 4,050 lei per month for a standard working schedule....

Mandatory invoice elements in Romania: date, unique number, supplier and buyer details, description, taxable amount, VAT rate and VAT amount

Updated fiscal laws, managing budget debts, raising pension thresholds, and revising VAT, gambling, and tax regulations.

Fast-track your Romanian VAT registration and avoid unnecessary fees & delays. Learn the less-known method for new businesses.

Dividing business raises flags for the Tax Agency ANAF because of the VAT implications. Liquidating business also involves a VAT check.

Expired office rent contract, expired administrator’s mandate, neglecting the 6-months rule, becoming a high risk taxpayer

Background info. How long will it take? Which documents will I be asked to present? What is the result?

Basic conditions, mandatory preliminary cross-checks and VAT refund advice for a business in Romania

The VAT system la încasare is very advantageous for service providers, who usually have low expenses and do not have much VAT to deduct

I will pay VAT only after I receive the money from my clients. At the same time, I can only deduct VAT from suppliers after paying them

TVA la incasare is due when I receive the money I invoiced - and TVA la facturare is due when I invoice

The difference is given by two main factors: revenue and intra-community acquisitions of goods

VAT-related warning flags and triggers for fines, penalties and charges, visible in a Romanian trial balance

According to the ECJ, checking if a Romanian supplier is VAT-registered is not mandatory. However, in certain cases it may be useful.