ROMANIA
In Romania, both natural and legal persons can apply for a criminal record.
The criminal records of partners and managers must be requested in particular for all companies wishing to obtain an intra-Community VAT number.
Registration for VAT purposes at intra-Community level and registration for VAT purposes in Romania are procedures independent of each other.
How to obtain a criminal record in order to register with the Registry of Intra-Community OperatorsLPG can help clients who must obtain a Romanian criminal record. Criminal records must be procured for all shareholders and directors of any company registering with the Intra-Community Operators ...
Who must register for Romanian VAT? All Romanian companies who have a turnover of more than 35,000 EUR must register for VAT. All Romanian companies who have a turnover of less than 35,000 EUR have the possibility of registering for VAT. How does a company register for Romanian VAT? The ...
Companies registered for Romanian VAT who plan to carry out one or more intra-community transactions (intra-community acquisitions/supply/services) must request an inscription at Intra-Community Operators Registry before carrying out such transactions. LPG can help companies register with the ...
Romanian companies must report VAT on a monthly or quarterly basis. 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 VAT reporting is ...
Establishment of a VAT tax groupEstablishment of a VAT tax group is also known as VAT tax consolidation.Romania allows tax consolidation (not all countries permit this).Companies subject to VAT who wish to consolidate VAT tax must be managed by the same tax authorities (as of January 1, 2012). ...
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 must declare VAT every month as a summary of intra-communitary exchanges of goods and services. As of 2010, companies must send in a monthly 390 summary form including intra-communitary exchanges of goods and services. The new monthly declaration form is due by the 25th of the ...
Companies with a total revenue less than 500,000 EUR (the equivalent of 2,250,000 RON) in 2012 can apply for VAT chargeable upon receipt of payment. This tax regime used to be compulsory in 2013 for all companies with a total revenues less than 500,000 EUR but is not anymore in 2014. When ...
Expertise
Précis de droit comptable et aspects fiscaux
April 2023, publication of the new edition of the Précis de Droit Comptable, by Denis Colin, manager of the Fiduciaire LPG