The Romanian parliament is considering the draft law containing measures to ensure Romania's long-term financial sustainability. As previously reported, some of the main tax measures include new 1% turnover taxes on companies and banks and a new two-rate system for micro-enterprises. The draft law also includes several VAT measures, including:
- The extension of the reduced VAT rate of 5% on supplies of:
- school textbooks, books, newspapers, and magazines;
- access to castles, museums, memorial …