Romania’s government to cut VAT for hotels, restaurants & entertainment from 9 pct to 5 pct next week

Sorin Melenciuc 12/09/2018 | 13:09

The Romanian government plans to cut next week the value-added tax (VAT) for hotels, restaurants, catering and entertainment from 9 percent to 5 percent and to remove royalties for geothermal water through emergency ordinance, according to the Finance Ministry Eugern Orlando Teodorovici, cited by Economica.net.

The measure aims to support Romania’s tourism industry.

Last week, the Tourism Ministry announced that it proposes to reduce VAT to 5 percent for accommodation and restaurants, and remove royalties for thermal and mineral water used in the spa sector.

On Tuesday, the minister Eugen Teodorovici said that the Finance Ministry could remove the special excise on fuel by the end of this year.

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