Romania – Change in VAT rate from 1st january 2024

The Romanian government has published a new law increasing from the 1st January 2024 the VAT rate from the reduced rate of 9% to the standard VAT rate of 19% for the following supplies:

• sugary non-alcoholic drinks
• foods with added sugar (over 10g/100g product), with the exception of Romanian specialty named cozonac and biscuits.
• passenger transport for tourist purposes
• sports facilities entrance fees

The law also raises the reduced VAT rate from 5% to 9% to the following supplies:

• social buildings
• delivery and installation of photovoltaic panels, solar thermal panels, heat pumps and other high-efficiency, low-emission heating systems, including installation kits, as well as all necessary components purchased separately for housing/central public administration buildings or local with the exception of commercial companies;
• delivery and installation of components for the repair and/or expansion of systems as a component part of construction deliveries;
• amusement and recreational parks, malls, fairs, exhibitions, cinemas and cultural event admissions