- The Official Gazette has published HG 653/2023, which modifies and completes Title VII of the Methodological Norms for the Application of the Fiscal Code.
- The changes include new provisions for VAT exemption for medical prostheses and orthopedic products, modification of the value ceiling for social housing delivery, and the application of a 9% rate for hotel accommodation activities and restaurant and catering services.
- The project must be approved by the Government and published in the Official Gazette to take effect. Law no. 88/2023 introduces changes to the Fiscal Code, requiring provisions to establish conditions for tax exemptions.
- Non-alcoholic beverages under certain codes are exempt from reduced VAT rates, and the reduced rate for hotel accommodation activities and restaurant and catering services increases from 5% to 9%.
Source contabilul.manager.ro
Latest Posts in "Romania"
- EGC VAT Case – T-233/25 (Mokoryte) – Judgment – Subcontractor Cannot Adjust VAT for Unpaid Assigned Claim from Insolvent Developer
- Seventeen Charged in Helicopter VAT Evasion Case, Including Emergency Chief Raed Arafat
- High Court Rules Right to Carry Forward Negative VAT Balance Is Not Subject to Prescription
- President Nicuşor Dan Rules Out Returning VAT Rate to 19% in 2026 Budget
- Romanian High Court Allows Indefinite VAT Carry-Forward, Boosting Media and Entertainment Sector
