Notice: Function add_shortcode was called incorrectly. Invalid shortcode name: Empty name given. Please see Debugging in WordPress for more information. (This message was added in version 4.4.0.) in /opt/bitnami/wordpress/wp-includes/functions.php on line 6121
Romania to Delay Planned Reduction in VAT Rate — Orbitax
OrbitaxOrbitax

Romania to Delay Planned Reduction in VAT Rate

|Proposed Changes|Romania
Romania

The Romanian government is reportedly considering a delay in its plan to further reduce the country's standard VAT rate. The standard VAT rate was reduced from 24% to 20% with effect from 2016, and to 19% with effect from 2017. The government had planned a further reduction to 18% from 2019 but may need to delay the reduction to 2020 due to budget issues. A final decision is to be made towards …

Continue Reading