Romania: VAT refund procedures for high-risk taxpayers | KPMG Global
Share with your friends

Romania: VAT refund procedures for "high-risk" taxpayers

Romania: VAT refund procedures for high-risk taxpayers

An amended procedure for approving value added tax (VAT) return refunds was published in the official journal of Romania on 13 April 2017. “High-risk” taxpayers will only be eligible for VAT refunds after a tax audit. A taxpayer is defined as presenting a high risk:


Related content

  • If the tax authorities receive official reports from other institutions in relation to issues encountered during VAT refund audits: transactions carried out in breach of VAT payment/reporting requirements, failure to set the VAT taxable base, setting the VAT taxable base and/or VAT payable incorrectly, whether due to error or bad faith, omission of operations carried out, declaration of fictitious revenues or operations as well as holding double accounting records.
  • If tax-related criminal offences have been identified during a tax audit.
  • If, during a subsequent tax audit, differences have been identified which are higher than 10% of the refunded amount, but not less than LEI 50,000 for each VAT return.
  • If significant inconsistencies are identified by tax inspectors in the information contained in VIES returns and local sales and purchases lists submitted by the taxable person and/or its business partners.


Read an April 2017 report (English and Romanian) [PDF 356 KB] prepared by the KPMG member firm in Romania

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Request for proposal