The Romanian government has published a new law increasing from the 1st January 2024 the VAT rate from the reduced rate of 9% to the standard VAT rate of 19% for the following supplies:

- sugary non-alcoholic drinks
- foods with added sugar (over 10g/100g product), with the exception of Romanian specialty named cozonac and biscuits.
- passenger transport for tourist purposes
- sports facilities entrance fees

The law also raises the reduced VAT rate from 5% to 9% to the following supplies:
- social buildings
- delivery and installation of photovoltaic panels, solar thermal panels, heat pumps and other high-efficiency, low-emission heating systems, including installation kits, as well as all necessary components purchased separately for housing/central public administration buildings or local with the exception of commercial companies;
- delivery and installation of components for the repair and/or expansion of systems as a component part of construction deliveries;
- amusement and recreational parks, malls, fairs, exhibitions, cinemas and cultural event admissions

If you have any questions on the impact of the above changes on your business, please contact us here