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Tax alert no. 17 - The 5% VAT rate
mai putin de un min. de citit
In this issue:
The 5% VAT rate
The Emergency Ordinance 31/14 May 2019 introduces the 5% reduced VAT rate starting 1 June 2019 for supplies of food of high quality value, namely mountain products, bio and traditional, authorized by the Ministry of Agriculture and Rural Development.
The supply of these food products should be accompanied by the copy of the document of recognition/attestation/certification issued by the competent authority, except for supplies made to the final consumer.
Clarification regarding the applicability of the 5% reduced VAT rate will follow.