17 August 2015
In last month’s newsletter, we stated that the standard VAT rate in Romania would not change due to potential changes in government. However, it has now been announced that the standard Romanian VAT rate will be reduced from 24% to 19% in 2016. This is expected to be confirmed by the Romanian Parliament, with a final decision taking place by the end of the month.
LATEST NEWS
Hungary to introduce mandatory digital VAT filing from...
From 1 January 2027, all businesses registered for VAT in Hungary will be required to file their VAT returns through the country’s eVAT, or eÁFA, system...
SEE MORE
LATEST NEWS
EU customs reform increases responsibilities for...
In September 2026, the EU formally adopted a new Customs Code that will significantly change how goods are imported into the EU. Although the reforms apply...
SEE MORE
LATEST NEWS
Germany plans import VAT accounting reform
Germany is planning to introduce a new import VAT accounting system from 1 January 2030, which could significantly improve cash flow for businesses importing...
SEE MORE