New taxes starting September 1st

In the Official Gazette of Romania, Part I, no. 490/2.08.2013 was published Government Ordinance no. 16/2013 through which were made a number of changes and additions to the Tax Code approved by Law no. 571/2003, with further modifications and completions .

By the following, we present the main changes covered by the mentioned legislation act concerning the reduced taxes on value added tax (VAT) operations for which is applied the VAT simplification measures and the excise other categories of products, provisions that shall apply starting September 1st, 2013.

   1. Reduced VAT rate of 9%

The reduced VAT rate shall apply of 9% to the supply of goods as they are [details ...]

   2. Simplification measures ( reverse charge)

Applicable simplification measures (reverse charge) mentioned in art. 160 of the Tax Code shall be applied also for [details ...]

   3. Excise extension

Will be excisable expanding the scope of goods with non harmonized excise these following [details ...]

   4. Alcohol excise

Starting September 1st, 2013, it was increased also the excise duty on alcohol [details ...]

Croatia (HR)

New EU member state starting with 01/07/2013 [details ...]