OUG 89/2018 brings new changes for VAT, income tax and social securities

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VAT

The VAT quota for accommodation, restaurant and catering services is reduced to 5%

 

Income tax and social securities

The payment deadline for tax decision issued after OUG 89 enters into force, for income tax for 2017, pension insurance for 2016-2017 and health insurance for 2014-2017 is June 30th 2019. A 10% discount is granted for full prepayments as following:

  • Until December 1th 2018 for income tax for 2017 and pension insurance for 2016-2017
  • Until March 31st 2019 for health insurance for 2014-2017