10 September 2015
The International Monetary Fund and the EU, which oversaw Romania’s bailout during the financial crisis, have opposed its plan to cut its VAT rate to 19%. In response to this, the Romanian Parliament has now confirmed that it will reduce its standard VAT rate from 24% to 20% on 1 January 2016, and then from 20% to 19% in January 2017.
LATEST NEWS
France clarifies e‑invoicing and e‑reporting...
France has updated its enforcement rules relating to the September 2026 introduction of mandatory e‑invoicing and e‑reporting for VAT registered...
SEE MORE
LATEST NEWS
Spain confirms new timeline for the introduction of...
The Spanish Council of Ministers recently approved a Royal Decree mandating the use of electronic invoicing in all business-to-business (B2B) transactions...
SEE MORE
LATEST NEWS
EU member states push for the introduction of a €2...
The EU Council are currently negotiating the introduction of a €2 customs handling fee on low‑value imports (under €150), with an initial start date of...
SEE MORE