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April' 2015 | Archive | Blog

The new reduced VAT rate for food to be applied starting June

2015-04-21

The Value Added Tax in Romania will be reduced starting 1 June for all foodstuffs. The measure is part of a bill amending the Tax Code and was published in the Official Gazette. The reduction will apply without distinction, even for soft drinks and food services. This measure targets the suppliers of goods and services in Romania. Our accountants in Bucharest are ready to offer you any additional information about how this change may influence your business.

Romanian companies maintain a positive outlook on the future

2015-04-08

Romanian companies are more optimistic about the future, compared to foreign companies in Romania, as revealed by a new study performed by EY Romania. The business morale is reflected in the previsions made by business owners regarding the turnover growth, potential investments and the growth forecast. The predictions were also positive for employment in 2015.