Change in Romania VAT Rate

The standard rate of VAT in Romania will reduce to 20% from the current 24% from the 1 January 2016 as part of a two-stage cut that will see a further drop to 19% in January 2017. The reduced rate of VAT, which currently stands at 9% will not be affected. The reason for this reduction is to increase the Romanian deficit.

If you purchase from/supply to Romanian individuals or businesses and think this change in VAT rate may affect you, please contact our helpline in order to discuss your concerns with one of our experienced consultants.

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