- The VAT rate on sugary and sweetened beverages is increased to 21% (the standard rate) to combat childhood obesity and associated diseases, although such drinks continue to be subject to the 10% VAT rate in bars and restaurants;
- The increased threshold (EUR 250,000) for the application of the simplified VAT regime and the special VAT regime for agriculture, livestock, and fishing is extended to 2021; and
- The tax on insurance premiums is increased from 6% to 8%.
The measures of Law No. 11/2020 generally entered into force on 1 January 2021.
Source Orbitax
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