The Romanian fiscal code was amended through Ordinance no. 16/2022, published in the Official Gazette no. 716/15 July 2022. We present below the significant changes from a VAT perspective.
With effect from 1 January 2023, amongst the goods subject to 9% VAT rate, the list of food products/other similar goods as well as of the products used in agriculture has been modified.
Also, from 1 January 2023, the VAT rate increases to 9% (from 5%) for hotel accommodation, restaurant and catering services (with certain exceptions).
Similarly, from 1 January 2023, the delivery of homes to individuals with a VAT rate of 5% applies to homes with a usable area of up to 120 sqm, excluding household annexes, whose value, including the land on which they are built, does not exceed the amount of RON 600,000 (about EUR 121,930), excluding VAT.
Source WTS
