Romania abandons 2019 VAT cut

Fri 3rd Aug 2018

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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