From 1 January 2023, the Romanian tax authorities are proposing to raise the VAT rate on certain goods and services, including:
Fizzy drinks from 9% to 19%
Hotel and similar short-term accommodation from 5% to 9%
Supplies of food and non-alcoholic drinks made by caterers (including cafés and restaurants) from 5% to the 9%
The Swiss tax authorities are proposing to increase VAT rates in the country as follows:
Standard rate – 7.7% to 8.1%
Reduced rate – 2.5% to 2.6%
Special VAT rate for accommodation – 3.7% to 3.8%
This proposal is being put forward to cover the pension deficit caused by the ‘baby boomer’ generation, and if accepted, the rises will be implemented from January 2024.
The above information was kindly provided by Fiscal Solutions (UK), www.fiscalsolutions.co.uk; contact: [email protected].