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Romania abandons 2019 VAT cut

  • EU VAT
  • 03 August 2018 | Richard Asquith

Romania abandons 2019 VAT cut

Romania is considering postponing cutting its 19% VAT rate to 18%, as planned for January 2019. The decrease is in jeopardy as the country is struggling to reduce its deficit to 3% of Gross Domestic Product.

Romania originally raised VAT from 19% to 24% in 2010 during the European financial crisis. But has since cut it to 19% in two stages, completing in January 2017.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.