- Law no. 216/2023 brings changes to the application of reduced VAT rates in the wood and energy industries.
- The reduced rate of 5% VAT now applies to the delivery of sawdust, waste, and agglomerated wood scraps in the form of pellets or briquettes, as well as non-agglomerated wood scraps for use as heating fuel.
- The reduced rate also applies to the delivery and installation of photovoltaic panels and heat pumps, as well as components for repairing and expanding these systems. A self-responsible declaration is required from legal entity buyers, while individual buyers can benefit from reduced VAT rates by providing their home address on the invoice or signing a self-responsible declaration.
Source PwC
Latest Posts in "Romania"
- Draft Ordinance to Implement EU Small Business Scheme for X-Border Supplies Including Increased VAT Registration Threshold
- Romania Updates VAT Reporting Rules After Rate Increase to 21% and 11%
- Government Proposes VAT Amendments for Virtual and Live Streaming Event Supply Rules
- Romania VAT Briefing: Key Updates and Developments (July – August 2025)
- Romania’s E-Invoicing Reform: Key Business Impacts and Compliance Requirements for 2025-2026
