Romania - Tourism VAT Rate Cut
The Romanian Tourism Ministry recently announced plans to reduce the VAT rate to 5% in the tourism sector.
The plan will involve cutting the VAT rate for hotel and accommodation services from 9% to 5% and tourism-related services, such as entrance fees into leisure parks and tourist attractions, from 19% to 5%.
The Ministry also proposes a 0% VAT rate for geothermal water and mineral water used in spa resorts. The two measures are planned to be implemented in January 2019.
Should you require any VAT assistance in Romania, or require any international VAT assistance, please contact us.