3 February 2015
Sometime in 2016, Romania is hoping to reduce its high standard rate of 24% back down some of the way towards the 19% level it stood at before the downturn. 21% has been suggested as the 2016 target.
In the shorter term, a break in Romania is likely to become more attractive with the reclassification of all-inclusive travel packages from 24% to the lower 9% rate. This should be effective for the holiday season this year.