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 |
|---|---|---|---|---|
| UK | 20% | 20% | 20% | 20% |
| Ireland | 9% | 9% | 9% | 23% |
| France | 10% | 10% | 10% | 20% |
| Germany | 7% | 19% | 7% | 19% |
| Italy | 10% | 10% | 10% | 22% |
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