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As of August 1 this year in Romania, the basic VAT rate has been increased from 19% to 21%, while the reduced rate, which applies to certain goods and services, is set at 11%. For real estate transactions, the 21% VAT rate will apply to all house sale contracts concluded after August 1, 2025. There are other major changes that tighten the fiscal policy of the neighbors.
Tax increase in Romania will affect Moldova
European countries have a “clear roadmap” for the deployment of their troops on Ukrainian territory within the framework of international security guarantees, as well as the intention to find new sources of funding for the Armed Forces of Ukraine (AFU), Logos Press reported.
Europe ready to deploy troops to Ukraine
