- Amendment of VAT Regulations: The Romanian government has adopted a resolution to modify and complete Title VII “Value Added Tax” of the methodological norms for applying Law No. 227/2015 regarding the Fiscal Code, as approved by Government Decision No. 1/2016.
- Key Changes Introduced: The amendments include adjustments to the calculation of VAT for certain goods, the definition of food products for human and animal consumption, and the application of reduced VAT rates on various categories of food items, including specific exemptions and conditions.
- Implementation Date: The new regulations will come into effect on August 1, 2025, with a declaration commitment required from businesses to ensure compliance with the reduced VAT rate provisions.
Source gov.ro
Latest Posts in "Romania"
- Romania Increases Reduced VAT Rate on Agricultural Products and Services to 11%
- Romania Delays E-Invoice Requirement for Farmers and Cultural Institutes Until June 2026
- ANAF Implements New Procedure for Reporting Late e-Invoice Submissions by Suppliers
- Romania Launches SAF-T Pilot Program to Enhance VAT Compliance Through Digital Controls
- EU Faces €50 Billion Annual Loss to VAT and Customs Fraud, Warns Public Prosecutor
