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Romania’s VAT Rates Increased; Presidential Approval Still Required

  • VAT Rate Changes: The standard VAT rate will increase from 19% to 21%, with the only reduced rate set at 11%.
  • Legislative Process: The Government has adopted the draft law, but it requires approval from the President and may face scrutiny from Parliament.
  • Budgetary Impacts: These changes aim to stabilize public finances and may significantly affect consumer prices and health insurance costs.

Source Profit.ro


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