- Companies have about two weeks to implement changes effective from August 1.
- New fiscal measures include a general VAT rate increase to 21%, a reduced VAT rate of 11%, and a 10% increase in excise duties.
- Dividend tax is set at 16%, with an additional 4% tax for banks and extended health contributions.
- The fiscal package may affect investment climate and economic growth.
- There is a possibility of further tax increases in 2026 if the budget deficit does not decrease.
- Companies need to review current operations, especially automated billing systems, to avoid errors with new VAT rates.
- In the food sector, companies must analyze their product portfolios to understand the fiscal impact across the supply chain.
- Technical changes to reduced VAT rates in the food sector may significantly impact farmers, food producers, and raw material distributors.
Source: blog.pwc.ro
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.
