1 July 2015
The plans to introduce a new reduced rate of VAT for cultural services, lower value houses and printed media have been approved by Romania's lower house of Parliament. As we noted last month, the new rate will be set at 5% and will apply to books, newspapers and magazines. It has also now been confirmed that it will apply to entry to museums, monuments, cultural events, cinemas, sporting events and also to the sale of some private dwellings, depending on the size and value of the property.
The Romanian Chamber of Deputies has now voted to reduce the VAT rate in Romania from 24% to 19%. This decrease will be implemented on 1 January 2016.
LATEST NEWS
Belgium to cut e-book VAT rate from 1 January 2022
From 1 January 2022, the Belgium tax authorities have confirmed that the VAT rate on the sale of e-books, e-manuals, e-newspapers, and e-magazines sold online...
SEE MORE
LATEST NEWS
Ukraine to apply VAT on digital services from January...
From 1 January 2022, Ukraine will impose VAT at 20% on the sale of e-services to local consumers by non-resident businesses. At present, non-resident...
SEE MORE
LATEST NEWS
Does a UK e-commerce business need an IOSS...
From 1 July 2021, the EU’s new e-commerce VAT reforms will be introduced allowing sellers to no longer pay import VAT at clearance on low-value consignments...
SEE MORE