Romania reduces VAT rate for tourism industry

As from 1 November 2018 Romania reduces the VAT rate to 5% for:

  • accommodation in the hotel sector or similar service sectors, including rental of camping grounds;
  • restaurant and catering services, excluding alcoholic beverages (other than beer);
  • the right to use certain sports facilities;
  • services consisting of allowing access to fairs, amusement parks and some recreational parks.

A general VAT cut from 19% to 18% has been withdrawn.