Romanian VAT: monthly or quarterly returns?
How often does my company have to declare VAT?
Romanian companies must report VAT on a monthly or quarterly basis.
Quarterly reporting
Quarterly reporting of Romanian VAT is required of companies which had a turnover of less than 100,000 EUR and did not acquire any intra-communitary goods during the previous calendar year.
Monthly reporting
Monthly VAT reporting is required of companies which had a turnover of more than 100,000 EUR during the previous calendar year.
Companies which are required to report VAT quarterly and which carry out an intra-communitary acquisition of goods are required to immediately report on the monthly basis.