- The Romanian government has proposed a fiscal change to increase the VAT rate for tickets to shows, concerts, and cultural and sports events to 9%.
- Currently, a reduced rate of 5% is applied for services allowing access to various cultural and recreational sites, as well as fairs, exhibitions, and cultural events.
- The 5% rate will still apply to school textbooks, books, newspapers, magazines, and access to cultural and recreational sites.
- After consultation and discussion, the government adopted the draft law with the new fiscal measures, which has been sent to the Romanian Parliament.
- If the draft act is adopted, the new VAT rate for tickets to shows, concerts, and cultural and sports events will be 9%.
Source: fiscal-requirements.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
