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Excise duties applicable in 2020
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In this issue:
Higher excise duties starting with 2020
On the Ministry of Public Finance website has been published the level of excise duty applicable in 2020. By comparing the level of excise duty, we can notice there is an increase of approximately 3,8% for all groups of excise goods in the next year. This increase is due to the updating with the increase in consumer prices in the last 12 months, official communicated by the National Institute of Statistics.
The bellow table contains examples of excise applicable in 2020:
How does the above influence the activity of your company?
If you are involved in transactions with excise goods (tobacco, alcoholic beverages, energy products) then you will have to consider higher costs to purchase these products, their price being influenced by the increased level of the excesses.
Mihai Petre – Director, Indirect Tax
For additional information, please contact:
Alex Milcev – Partner, Tax & Law Leader Romania
Ernst & Young SRL
Bucharest Tower Center Building,
22nd Floor, 15-17 Ion Mihalache Blvd.,
Sector 1, 011171, Bucharest, Romania
Tel: (40-21) 402 4000, Fax: (40-21) 310 7124
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