Romania: Latest Changes to Reduced VAT Rates

Romania: Latest Changes to Reduced VAT Rates

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Law 39/2023, which was published in Official Gazette No. 40/13.01.2023, contains important amendments to the Romanian Fiscal Code.

As from 16 January 2023, the 5% reduced VAT rate will be applied to:

  • the supply and installation of photovoltaic panels, solar thermal panels, high-efficiency, low-emission heating systems, including installation kits as well as to components and/or complete solutions, where applicable, if they are intended for residential use;
  • the supply and installation of photovoltaic panels, solar thermal panels, high-efficiency, low-emission heating systems, including installation kits as well as to components and/or complete solutions, where applicable, if they are intended to be used for buildings owned by/under the management of central/local public authorities, with the exception of buildings owned by commercial companies under the management of central/local public authorities.

By Carmen Mazilu, Tax Advisor, Noerr