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
Emergency VAT measures to combat the financial impact...
Due to the negative financial impact that the Coronavirus pandemic is having on businesses all over the world, a number of tax authorities have implemented...
SEE MORE
LATEST NEWS
Belgium plans to cut the VAT rate on catering...
The Belgium tax office is proposing a VAT rate cut on catering, restaurant and cafe services from the standard rate of 21% to the reduced rate of 6%. To find...
SEE MORE
LATEST NEWS
Czech Republic confirms the reduction of VAT on the...
The Czech tax authorities have confirmed the VAT rate on the supply of accommodation and admission to cultural events services will be reduced from 15 % to...
SEE MORE