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
Several member states are proposing the introduction...
Several EU countries, including Belgium, France, the Netherlands, and Romania, are proposing the introduction of a national handling fee on low‑value...
SEE MORE
LATEST NEWS
Reminder: Bulgaria joined the Eurozone on 1 January...
From 1 January 2026, Bulgaria has adopted the euro as its official currency. The country has been preparing for this transition since joining the European...
SEE MORE
LATEST NEWS
EU to remove the customs duty exemption for “low...
Currently, imports valued at €150 or below can be imported duty free into the EU. However, the European Union has reached an agreement to abolish this...
SEE MORE