{"id":79320,"date":"2018-10-29T13:47:00","date_gmt":"2018-10-29T11:47:00","guid":{"rendered":"http:\/\/devrri.freshlemon.ro\/news-and-current-affairs\/newsflash\/lower-vat-rates-for-the-romanian-tourism-industry-79320.html"},"modified":"2024-02-16T09:59:34","modified_gmt":"2024-02-16T07:59:34","slug":"lower-vat-rates-for-the-romanian-tourism-industry","status":"publish","type":"post","link":"https:\/\/www.rri.ro\/en\/news-and-current-affairs\/today-in-the-news\/lower-vat-rates-for-the-romanian-tourism-industry-id79320.html","title":{"rendered":"Lower VAT rates for the Romanian tourism industry"},"content":{"rendered":"<p>Described by foreign websites as one of Europe\u2019s most mysterious and beautiful countries, Romania is a highly recommended tourist destination. The Italian daily paper  Corriere della Sera writes that Romania offers excellent food at small prices and boasts beautiful places where tourists can enjoy special experiences, from Transylvania\u2019s castles to the Turda Salt mine, where a panoramic lift takes you 14 floors under the surface.  <\/p>\n<p>&#13;<br \/>\n&#13;<\/p>\n<p>&#13;<br \/>\n&#13;<\/p>\n<p>Apart from Bucharest, which is famous for the Palace of Parliament and its nightlife, some of the most often mentioned tourist attractions include Pele\u015f Castle, the former summer residence of the Romanian kings or  Bran Castle, which attracts an increasingly larger number of tourists every year, mostly because its name has been linked to Bram Stoker\u2019s novel, Dracula. The Sighisoara medieval citadel, Decebalus\u2019 sculpture at Cazanele Dunarii (Danube\u2019s Cauldrons), the fortified evangelical church in Biertan, Sibiu County, the Orthodox monasteries in Moldavia, the Transf\u0103g\u0103r\u0103\u015fan high road and Maramure\u015f are other attractions highly appreciated by those who choose to  visit Romania.<\/p>\n<p>&#13;<br \/>\n&#13;<\/p>\n<p>&#13;<br \/>\n&#13;<\/p>\n<p>The number of foreign tourists is growing and this upward trend might gain ground following the line authorities\u2019 decision to cut the VAT rate on tourist services from 9 to 5%, as of November 1. The economic measure adopted by the government to take effect in early November is meant to boost tourism and reduce tax evasion.  VAT rates will be cut for the hospitability  industry, including some collateral sectors, for instance renting plots of land for camping sites.<\/p>\n<p>&#13;<br \/>\n&#13;<\/p>\n<p>&#13;<br \/>\n&#13;<\/p>\n<p>Restaurant and catering services, including beer sales, with the exception of alcoholic drinks, will benefit from the same VAT cut. All activities related to the leisure industry, including access to amusement parks, as well as other facilities to practice sports, such as fitness rooms, will benefit from the same cut. The VAT rate is currently standing at 19% in this sector. <\/p>\n<p>&#13;<br \/>\n&#13;<\/p>\n<p>&#13;<br \/>\n&#13;<\/p>\n<p>Thermal and mineral water royalties in the spa sector will also be eliminated, and consequently, of all sectors of the economy, the tourism industry will benefit from the lowest VAT rate as of November 1. Although the bill does not refer to intermediary travel package services, but to the direct accommodation in a hotel  we believe that holidays in Romania will be cheaper, says the President of the Employers\u2019 Organisation of Romanian Hotels and Restaurants, Drago\u015f Petrescu. In an interview on Radio Romania, the first vice-president of the National Association of Travel Agencies, Alin Burcea, is however sceptical about the fact that the Romanians will enjoy cheaper holiday packages in the country, but he says the measure will certainly produce effects in the effort to contain tax evasion.<\/p>\n<p>&#13;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 1, Romania cuts the VAT rate on tourism services from 9 to 5%<\/p>\n","protected":false},"author":108,"featured_media":79321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[116464,29229,31822],"coauthors":[],"class_list":["post-79320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-romania-en","tag-tourism","tag-vat"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lower VAT rates for the Romanian tourism industry - 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