Romania - VAT Rate Cut Postponed?

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Further to the report we brought you back in February, it is now being reported that the Romanian government is considering postponing the VAT rate cut from 19% to 18%, which, according to the governing program, was supposed to be implemented on 1 January 2019.

The measure may be postponed to 1 January 2020. A final decision will be made towards the end of this year, as the executive wants to make sure that the budget deficit will not go over the target of 3% of GDP.

The standard VAT rate went down from 24% to 20% in January 2016 and then from 20% to 19% in January 2017. We will of course keep you updated on developments.

Should you require any VAT assistance in Romania, or require any international VAT assistance, please contact us.

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