EY ROMANIA

  |  2015-02-23

Reduced VAT rate - between plus and minus

The proposed changes in the Tax Code aims to reduce the standard VAT rate from 24 % to 20 % since 1 January 2016 and 18 % since 1 January 2018 .

Ioana Iorgulescu

Also, for products like meat, fish, vegetables and fruits, the reduction may reach a VAT rate of 9%. VAT reduction measures are intended to support and boost the economy and to determine an increase in the income of the middle class. 

 

For more information, please see the Romanian version of the article, here.

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TOP DEPARTMENT AND CHAIN STORES COMPANIES (2016)
Scoring Methodology by ERNST&YOUNG


 
#
COMPANY NAME
MCR TOTAL SCORING
 
1 ALTEX ROMANIA SRL 3,0000
2 FLANCO RETAIL SA 3,0000
3 GERSIM IMPEX SRL 3,0000
4 ROUMASPORT SRL 3,0000
5 B & B COLLECTION SRL 3,0000
6 HERVIS SPORTS AND FASHION SRL 3,0000
7 DM DROGERIE MARKT SRL 2,0000
8 STUDIO MODERNA SRL 2,0000
9 SEPHORA COSMETICS ROMANIA SA 2,0000
10 WORLD COMM TRADING GFZ SRL 2,0000