Romanian MPs extend VAT cut to draft beer

Romania’s Chamber of Deputies approved on June 10 the reduction of VAT on draft beer from 24% to 9%. It adopted an amendment to the Fiscal Code, issued as an Emergency Ordinance project by the Government. The project intends to reduce the VAT to 9% on various products, including draft beer, reports local Hotnews.ro. The Government also wanted to cut the VAT on alcoholic products without an excise duty obligation, namely wine and beer, but the Finance Ministry presented an EU’s directive which forbids this measure. Earlier in June, Romania cut the VAT on food from 24% to 9%. Romanian Government cuts VAT on food to 9% Dry times for international brewers who see profits evaporate in Romania editor@romania-insider.com