ERNST & YOUNG SRL

  |  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 TESTING COMPANIES (2015)
Scoring Methodology by ERNST&YOUNG


 
#
COMPANY NAME
MCR TOTAL SCORING
 
1 REGISTRUL AUTO ROMAN RA 2,5625
2 TUV AUSTRIA ROMANIA SRL 2,1875
3 TRIGO INDUSTRY SERVICES SA 2,1875
4 IMAGE QUALITY CONTROL DIVISION SRL 2,1250
5 ALS ROMANIA SRL 2,0625
6 ASSYSTEM ROMANIA SRL 1,9375
7 BUREAU VERITAS ROMANIA CONTROLE INTERNATIONAL SRL 1,9375
8 MATEMAR ZOOTEC CLAS SRL 1,9375
9 SGS ROMANIA SA 1,8750
10 DNV GL ROMANIA SRL 1,8750