Romania Tax Codes

Tax codes determine how much tax is paid on each transaction line item. For NetSuite to calculate correct values on transaction records and tax reports, make sure that the tax codes for Romania are set up correctly.

For more information on tax codes, see Tax Code Properties and Creating Tax Codes.

Tax Code Table for Romania

The following table shows the tax properties required to correctly generate the Romania tax reports provided by the International Tax Reports SuiteApp. The tax code names or letters used in the following table are suggested names or default system preferences. You can rename the tax codes. Tax reports identify transactions by looking at the tax code properties, not the tax code names.

On the New Tax Code or Edit Tax Code page, check the boxes of the properties that apply to the tax code. For more information about tax code properties, see Tax Code Properties.

For information about notional rates in EU B2B transactions and VAT reports, see EU Notional VAT.

Important:

Please consult your tax agency for the correct tax rates.

Tax Code	Description	Property	Rate	Notional Rate	Available On
S-RO	Standard rate		19%		Both (Sales and Purchases)
R1-RO	Reduced rate	Reduced Rate	9%		Both (Sales and Purchases)
R2-RO	Special reduced rate	Special Reduced Rate	5%		Both (Sales and Purchases)
RC-RO	Reverse charge in country	Reverse Charge Code		S-RO	Both (Sales and Purchases)
Z-RO	Zero rated sales		0%		Both (Sales and Purchases)
E-RO	Exempt	Exempt	0%		Both (Sales and Purchases)
O-RO	Sale of goods outside of EU	Export			Sales
OS-RO	Supply of services outside of EU	Export Applies to Service Items			Sales
ES-RO	EU sales/purchases (goods)	EC Code		S-RO	Both (Sales and Purchases)
I-RO	Purchase of goods from outside of EU	Import			Purchases
IS-RO	Purchase of services from outside of EU	Import Reverse Charge Code Applies to Service Items		S-RO	Purchases
ER-RO	EU sales/purchases (goods) – reduced rate	EC Code Reduced Rate		R1–RO	Both (Sales and Purchases)
EZ-RO	EU sales/purchases (goods) – zero rate	EC Code		Z-RO	Both (Sales and Purchases)
ESSS-RO	EU sales (services)	EC Code Applies to Service Items		S-RO	Sales
ESSP-RO	EU purchases (services)	EC Code Reverse Charge Code Applies to Service Items		S-RO	Purchases

Related Topics

Tax Accounting Overview

Enabling and Setting Up Taxation Features

Managing Tax Codes

Romania VAT Report

VAT and GST Reporting Overview

International Tax Reports

General Notices