VAT registration of Romanian companies
As of July 1, 2012, the threshold for VAT registration was increased from 35,000 EUR (119,000 RON) to 65,000 Eur (220,000 RON). The exchange rate which was used to calculate the threshold was the rate from the date Romania formed part of the European Union (3.3817 RON/EUR).
As a result, Romanian companies are henceforth not mandatorily subject to VAT until they have surpassed a turnover of 65,000 EUR (220,000 RON) during the course of the financial year.
Romanian companies whose turnover surpasses 100,000 EUR or who make intra-communitary acquisitions are required to make monthly VAT declarations and payments.
