Romania decided to decrease the standard VAT rate from 24% to 20% with effect from 1 January 2016 and to 19% with effect from 1 January 2017. Also, the 9% reduced VAT rate previously applied will decrease to 5% VAT for the supply of school manuals, books, newspapers and some magazines, as well as for the supply of services consisting in the allowance of access to castles, museums, cinemas. The reduced rate of 5% VAT will also be applied for access to sportive events.
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