Romania | Increased VAT Registration Threshold from April 2018

As of 1st April 2018, the Romanian VAT registration threshold for resident businesses is increased to LEI 300,000 (EUR 88,500) from LEI 220,000 (EUR 65,000).

Taxable persons in Romania whose annual turnover falls below the registration threshold are exempt from registration for VAT purposes, which means that they may neither charge nor recover VAT.

This registration threshold only applies to resident businesses. It does not impact distance sellers or non-established traders, whose own thresholds remain unchanged.

The current threshold will remain in effect until 31st December 2020; or, if earlier, the entry into force of an EU directive amending the provisions on the special scheme for small enterprises.