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.