Skip to content
OrbitaxOrbitax

Romania to Delay Planned Reduction in VAT Rate

|Proposed Changes|Romania
Romania

The Romanian government is reportedly considering a delay in its plan to further reduce the country's standard VAT rate. The standard VAT rate was reduced from 24% to 20% with effect from 2016, and to 19% with effect from 2017. The government had planned a further reduction to 18% from 2019 but may need to delay the reduction to 2020 due to budget issues. A final decision is to be made towards the end of the year.

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.