Romania: VAT Rates

In Romania, the reduced VAT rate of 5% will be applied for the sale of books, manuals, newspapers, and magazines in electronic format, starting from next year (2022). The current version of the Romanian Fiscal Code regulates the application of a reduced rate of 5% VAT on the tax base for textbooks, books, newspapers, and magazines, but only in printed format. As mentioned, from next year the same VAT rate will be applied for electronic publications, as well.