The Romanian coalition government has deferred again a final budget as its risks losing EU funding due to potential non-compliance with deficit targets. A potential, temporary VAT rise is one of the measures under review. The European Commission on June 30 sent Romania a notification requesting the country to curb its budget deficit, or else part of the cohesion funds would be suspended.
Source: vatcalc.com
Latest Posts in "Romania"
- Romania Introduces Special VAT Mechanism for Low-Value Imports Under EUR 150
- Transfer Pricing Adjustments and VAT Implications: Impact of Recent CJEU Decisions
- Romania Introduces New VAT Informative Statement Requirements
- Romania Proposes Ending VAT Exemption for NGOs’ Hospital-Related Supplies
- Romania Updates VAT Return Form to Reflect New Rates Effective August 2025
