Romania cuts tourism VAT to 5%
- Sep 5, 2018 | Richard Asquith
Hotel accommodation and restaurant services in Romania are to be recategorised from the first reduced VAT rate of 9% to the second reduced 5% rate. The standard VAT rate for all other goods and services in Romania is 19%.
Romania recently confirmed that it will not cut its VAT rate to 18% on 1 January 2019, as planned.
Many EU countries, such as Ireland and Germany, have long provided a tax subsidy to this key sector, with considerable boosts in job creation and international visitor numbers.
|Country||Hotel VAT rate||Restaurant VAT rate||Theatres, Cinema VAT rate||Standard VAT rate|
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