The value added tax still has only one step to be reduced from the current standard level of 19% to a quota of 16%. On Dec 17, the PSD deputies from the budget and finance committee have taken over a draft PNL law which provides for the reduction of the standard VAT rate to 16%, from 1 January 2020, and have decided to send it with the adoption report to the plenary of the Chamber of Deputies.
Source Profit.ro
Latest Posts in "Romania"
- Romania Updates Pre-Filled VAT Forms to Reflect New Rates Effective August 2025
- Romania Centralizes VAT Refund Approvals, Shifts Authority to County-Level for Enhanced Oversight
- Major Reset of RO e‑VAT Compliance Notices and Pre‑Filled VAT Controls
- Romania: ANAF Proposes Changes to the Mandatory RO e‑Factura Register and Form 082
- ANAF Uncovers €18m+ VAT Refund Fraud Using Fictitious Advance Invoices
