A bill drafted for cutting the VAT rate from 19% to 16% effective January 1, 2020, was introduced on June 27 on the Senate’s agenda, The special VAT rate for food would be cut from 9% currently to 5%.
Source Romania Insider
Latest Posts in "Romania"
- Romania Increases Reduced VAT Rate on Agricultural Products and Services to 11%
- Romania Delays E-Invoice Requirement for Farmers and Cultural Institutes Until June 2026
- ANAF Implements New Procedure for Reporting Late e-Invoice Submissions by Suppliers
- Romania Launches SAF-T Pilot Program to Enhance VAT Compliance Through Digital Controls
- EU Faces €50 Billion Annual Loss to VAT and Customs Fraud, Warns Public Prosecutor
