Romania Customs Import and Export Taxes

Summary:

This article provides an overview of Romania's customs import and export tax policies, detailing the calculation of import duties and taxes based on the CIF value and the standard VAT rate of 24%. It also covers the standard tax thresholds, excise duties on specific goods, and additional customs fees for the inspection and clearance of imported goods.

Overview

Import duties and taxes are applicable to individuals and businesses importing goods (from outside the EU) into Romania. All import duties and taxes are calculated based on the transaction value, also known as Cost, Insurance, and Freight (CIF).

Customs Duties

Romanian customs duties rates generally range from 0% (e.g., books) to 17% (e.g., Wellington boots). Certain goods, such as laptops, mobile phones, digital cameras, and gaming consoles, are exempt from customs duties. Specific products may be subject to additional duties based on the country of origin, such as a 48.5% anti-dumping duty on bicycles manufactured in China.

VAT

Romanian VAT = Standard VAT Rate 24% × (CIF Price + Import Duty).

Standard Tax Threshold

Romania has thresholds for import duties and taxes. Import goods with a FOB value not exceeding EUR 150 are exempt from customs duties, and those with a FOB value not exceeding EUR 10 are exempt from VAT.

Others

Excise Duty: A tax levied on specific goods like tobacco products.
Additional Customs Fees: Charges for inspection, verification, and testing of imported goods at customs clearance.