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Social housing with 5% VAT - constantly changing

Social housing with 5% VAT - constantly changing

Authors: Costin Manta, Partner, Indirect Taxes, EY Romania and Florina Paring, Senior Manager, Indirect Taxes, EY Romania

The saga of the reduced VAT rate for home deliveries continues. Ever since 2008, when the VAT rate of 5% was introduced for the first time for homes delivered as part of the social policy, VAT was one of the instruments used to encourage the real estate sector.

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

 

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ERNST & YOUNG SRL