Law 39/2023, which was published in Official Gazette No. 40/13.01.2023, contains important amendments to the Romanian Fiscal Code.
As from 16 January 2023, the 5% reduced VAT rate will be applied to:
- the supply and installation of photovoltaic panels, solar thermal panels, high-efficiency, low-emission heating systems, including installation kits as well as to components and/or complete solutions, where applicable, if they are intended for residential use;
- the supply and installation of photovoltaic panels, solar thermal panels, high-efficiency, low-emission heating systems, including installation kits as well as to components and/or complete solutions, where applicable, if they are intended to be used for buildings owned by/under the management of central/local public authorities, with the exception of buildings owned by commercial companies under the management of central/local public authorities.
By Carmen Mazilu, Tax Advisor, Noerr