Publication of bill re-categorising VAT rates
Kofax’s recent post on Romania underlined the country’s drive to re-categorise new VAT rates for the upcoming year.
Swiftly, the Romanian government has now published legislation confirming the changes.
As a reminder, the Bill will introduce the following changes:
Supplies affected by an increase from the reduced 9% VAT rate to the standard VAT rate of 19%:
- sugary non-alcoholic drinks
- sugary foods
- passenger transport for tourist purposes
- sports facilities entrance fees
Supplies affected by an increase from the 5% VAT rate to 9%:
- social buildings
- smaller dwellings
- amusement park, cinemas, and cultural event admissions
Romania is a compliant territory for Kofax. Our e-invoicing solution in the country supports all valid VAT rates in the country, including the new categorisations above which form the basis for the Bill.