Romania Increasing Value Added Tax, Bank Tax, and Dividend Tax

The Romanian Government has reportedly submitted draft legislation for the implementation of several measures from its Government Program for 2025-2028. Some of the main measures concern VAT, including:

• An increase in the standard VAT rate from 19% to 21%, which will also apply to certain supplies currently subject to the reduced VAT rate of 9%, which is abolished, including:
  • medicines for veterinary use;
  • seeds, plants, and ingredients used in the preparation of food and products used to sup…