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Exemptions from customs duties and VAT for the relocation of factories from Ukraine, Russia, Belarus to Romania

Exemptions from customs duties and VAT for the relocation of factories from Ukraine, Russia, Belarus to Romania

Author: Mihai Petre, Director, Customs Consulting, EY Romania

The current situation in Ukraine, Russia and Belarus has forced many multinational companies to decide to close their production facilities in the countries affected by the conflict. What import facilities would be available for the related production equipment, in case the respective activities would be completely relocated in Romania (or in another member country of the European Union)?

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

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ERNST & YOUNG SRL