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Romania cuts VAT to 19% January 2017

Romania reverse crisis VAT cuts

Romania completes the roll back of the crisis VAT rate cuts. Its standard VAT rate will drop from 20% to 19% on 1 January 2017. This follows the cut from 24% to 20% on 1 January 2015.

During the height of the financial crisis, VAT in Romania was raised from 19% to 24% on 1 July 2010.

The reduced VAT rates or 5% and 9% are unchanged.

VAT Calc’s global VAT and GST rates checker provides live indirect tax rates from around the world. Other countries forced into austerity VAT rate changes include: the Netherlands, Hungary, France, Spain, Greece, Czech Republic.

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