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Companies will have about 2 weeks to implement the changes that apply from August 1. What implications do the new VAT rates and the increased tax on dividends have, and how much will the taxation of banks increase?

8 Jul 2025

The new fiscal package provides, among other things, an increase in the general VAT rate to 21%, a single reduced VAT rate of 11%, 10% higher excise duties, a 16% dividend tax, a 4% additional tax for banks and expanded health contributions

From the date of publication in the Official Gazette, taxpayers will have about two weeks to implement the tax innovations for which the government has assumed responsibility in parliament. Thus, they will have to adapt quickly, while they will need additional clarifications from the Ministry of Finance.

For more information, please see the Romanian version of the article, here.