- A decision to potentially increase Romania’s VAT from 19% to 21% may be made in October, contingent upon the ECOFIN assessment of current fiscal measures’ effectiveness and whether Romania meets the deadline to reduce its budget deficit.
- The ruling coalition is also considering raising the VAT rate on certain goods, though the lower rate of 9% for food and medicines would be maintained as a condition set by the PSD party.
- Political tensions exist regarding the VAT increase, with Prime Minister Ilie Bolojan in favor of it and President Nicușor Dan opposing, as discussions continue among political parties to secure a parliamentary majority and address the budget deficit.
Source Profit.ro
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
