What to Expect Romania is entering a new fiscal cycle in 2026 with significant reforms designed to stabilize public finances and reduce the budget deficit, in line with its EU commitments. The measures are outlined in Law 141/2025 and begin taking effect progressively from August 2025, with the full impact felt in 2026. Both individuals and businesses should prepare for higher tax burdens and stricter compliance requirements.

VAT Adjustments

Planning to do business in Romania?
Then there’s one thing you must get right — e-Factura.

The RO e-Invoicing platform (RO e-Factura) has been available since November 2021 for both the exchange of invoices with public administrations (B2G) and between private companies (B2B). The platform is available for issuing and receiving invoices.

Since January 2025 all companies in Romania should use this platform to make invoices.

The implementation of SAF-T Romania will bring a significant transformation to tax reporting for non-resident taxpayers. Starting from January 2025, new compliance requirements will be in effect, and the initial filing deadline is set for February 28, 2025. This applies to all transactions carried out in January by non-resident companies registered for VAT. A grace period has been granted by the Romanian tax authorities until July 31, 2025, but failing to comply after this date may result in penalties of up to 1,000 EUR for late submissions.

Double taxation presents a crucial challenge for entities operating across Romania and Belgium. To address this issue, both nations have established a Double Taxation Agreement (DTA) that effectively prevents income from being subject to taxation in both jurisdictions simultaneously. Let's explore how this agreement functions between these two countries in 2024:

Overview of the Double Taxation Agreement (DTA) between Romania and Belgium