May' 2017 | Archive | Blog
A 19% value added tax (VAT) applies to retail prices in Romania. Certain businesses, like restaurants, hotels and shopping centers have retail prices that include the VAT. A 9% VAT rate is retained at all bread products since 2013. Public interest businesses, like medical treatments, social and cultural activities organized by public institutions, are exempt from VAT. According to the Romanian Tax Code, you can obtain a VAT refund in certain conditions. Our Romanian accountants can give further details about how to qualify for a VAT refund.