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Romania: Latest Changes to Reduced VAT Rates

Romania: Latest Changes to Reduced VAT Rates

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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

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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