Romania will see a new VAT reduced rate from 2016

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.

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