Romania Overhauls VAT System: Standard Rate Rises to 21%, Reduced Rates Unified at 11%
Romania implemented a sweeping overhaul of its Value Added Tax (TVA) system on 1 August 2025, under Law No. 141/2025 signed by President Nicuşor Dan. The reform represents the first general VAT rate increase in Romania since 2016 and introduces the most significant simplification of the country’s VAT structure in years. The key changes […]