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:
Kind Regards
Cardwell Advisory Desk
