It’s Official: VAT Goes Up To 21%, Dividend Tax Rises From 10% To 16%

yesterday, 21:31 By Valeriu Dănilă , Ştefan Stan

The mix of administrative spending cuts and tax hikes starts with tax hikes. As of August 1, the standard VAT goes up from 19% to 21%, the food VAT from 9% to 11% and the power VAT from 5% to 11%, Romania’s Prime Minister Ilie Bolojan said on Wednesday.

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Keywords:
tax
, hike
, vat