Proposed new VAT rate
Romania has had a busy 2022, with its implementation of a partial e-invoicing mandate for high-risk fiscal products. With concrete plans for a universal B2B e-invoicing mandate yet to be defined (and likely hindered somewhat by the VAT in the Digital Age (ViDA) proposal), the country is also turning its attention to VAT rates in the country. The Romanian Senate is pondering a new 9% reduced rate for food and beverages. The new proposed 9% VAT rate would exclude the following:
- alcoholic beverages
- specific non-alcoholic beverages falling under CN codes 2202 10 00 and 2202 99.