1989 - 2018 29 years in business Wednesday, 24th October 2018

Romania Cuts VAT On Food


Dear Clients, 

 

The Romanian Government on June 1, 2015. Cut the rate of VAT applicable to most

Foodstuffs and food services.

 

The law extends the scope of the reduced VAT of nine percent to food

including beverages excluding alcoholic beverages, animals, and live poultry

from domestic species, seeds, plants, and ingredients normally used in food

preparation, and also restaurant and catering services, excluding sales of alcoholic

beverages.

 

The plan expected to cost the government up to RON1.8bn (USD460m) during the period

2016-2018, but is expected to considerably reduce tax evasion, under a separate proposal

The headline rate is also to fall from 24 percent to 20 percent from 2016.

 

Should you require any further clarification, please do not hesitate to contact us at:

info@cardwell-capital.com

 

Kind Regards

Cardwell Advisory Desk 

 
 

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