08.04.23

Proposed VAT rate changes

Having reviewed its existing VAT rates, Romania is now considering the abolition of its 5% reduced VAT rate, with the Coalition government now set to debate the measure.  

The abolition of the 5% VAT rate may not provoke immediate changes in the Kofax system, if confirmed. Suppliers may need to raise credit or debit notes some time after a VAT rate ceases to be effective. Nevertheless, Kofax will monitor any confirmation in this respect. 

The Romanian government is also proposing that restaurant, catering and cultural services are increased from the 9% reduced VAT rate to 19%, the standard VAT rate in Romania. 

Romania is a compliant territory for Kofax, and our e-invoicing solution captures all valid VAT rates in the country.