08.19.22

Potential upcoming VAT changes

The fiscal trajectory in 2022 has been a busy one for Romania as it grapples with a partial e-invoicing mandate and multiple tax rates changes.

The Ministry of Finance has opened a consultation which proposes an increase in tax rates from 1^st January 2023, in line with the following:

• Fizzy drinks reclassified from 9% reduced VAT rate to standard 19% rate
• Hotel and similar short-term accommodation raised from 5% to 9% reduced rate
• Catering services, cafés and restaurants reclassified from 5% reduced rate to 9% for food and non-alcoholic drinks
• 5% reduced rate on a range of small dwellings.

Romania is a compliant territory in Tungsten Network and we will continue to monitor and support any new tax rates in the country. The Tungsten Network Web Form portal currently supports all valid VAT rates in Romania.