- On December 30, 2023, Law no. 213/2023 was approved, introducing significant changes to VAT, excise duties, and consumption taxes in the “Budget Law” for the financial year 2024 and multiannual budget for the period 2024-2026.
- The “Plastic tax” and “Sugar tax” implementation was postponed to July 1, 2024.
- VAT rates were increased for certain products, including child products, female hygiene protection, and child seats for motor vehicles.
- Additionally, changes were made to the VAT rate for pellets and excise duties on tobacco.
- The law also addressed VAT aspects related to businesses not adopting international accounting principles and the transfer of goods outside the European Union.
Source PwC
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