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Romania: 5% reduced VAT rate on e-books 2022

Written by info@vatsquare.com on . Posted in Romania.

The Romanian government introduces a reduced VAT rate of 5% applicable from January 1st, 2022 for the sale of books, manuals, newspapers, and magazines in electronic format, including audio.

The current version of the Romanian Fiscal Code regulates the application of a this reduced rate (of 5% VAT) on the tax base for textbooks, books, newspapers, and magazines, but only in printed format. From next year, the same VAT rate will be applied as well for electronic publications. In 2018, a directive was agreed at EU level that allows Member States to apply reduced, very low or zero VAT rates for electronic publications, thus aligning VAT rules for electronic publications with those for printed publications.

Link to draft law (language: Romanian): http://cdep.ro/pls/proiecte/upl_pck2015.proiect?idp=19334

Romania reduces VAT rate for tourism industry

Written by info@vatsquare.com on . Posted in Romania.

As from 1 November 2018 Romania reduces the VAT rate to 5% for:
  • accommodation in the hotel sector or similar service sectors, including rental of camping grounds;
  • restaurant and catering services, excluding alcoholic beverages (other than beer);
  • the right to use certain sports facilities;
  • services consisting of allowing access to fairs, amusement parks and some recreational parks.
A general VAT cut from 19% to 18% has been withdrawn.