- Two VAT Rates System: Introduction of a two-tier VAT system, which would involve adjusting the standard VAT rate and potentially implementing a reduced rate for specific goods and services to stimulate economic activity.
- Increased Excise Duties: Alongside VAT reforms, proposals include increasing excise duties, which may indirectly affect the overall tax burden on goods and services, impacting their final pricing.
- Review of VAT on Property Transactions: Adjustments to the VAT treatment of real estate transactions, including potential changes to exemptions or reduced rates for specific types of property sales to enhance affordability and market activity.
- Alignment with EU Standards: Proposed changes aim to align Romania’s VAT rates and regulations with broader EU standards and directives, ensuring compliance and facilitating smoother trade within the EU.
- Monitoring and Evaluation of VAT Impact: Continuous evaluation of VAT rates’ impact on revenue generation and economic behavior, ensuring that any changes made are effectively contributing to fiscal targets without disproportionately affecting consumers.
Source Official Gazette
Latest Posts in "Romania"
- Romania Intensifies 2025 Tax Audits with Digital Tools, E-Invoicing, and Stricter Compliance Measures
- General Court T-643/24 (Credidam) – AG Opinion – Unauthorized use of copyrighted works incurs VAT on fees
- Romania Launches Major Tax Audits Targeting Over 500 Large Companies to Boost Compliance
- Romania to Impose New EUR 5 Logistics Tax on Non-EU Parcels Under EUR 150 from 2026
- Briefing Document & Podcast: Romanian E‑Invoicing, E‑Reporting, and E‑Transport: Scope, Timeline & Requirements
