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VAT rates to increase from 2023, with implications in food, real estate sectors

A series of legislative novelties in the field of VAT will enter into force from January 1, 2023 as a result of the amendment of the Fiscal Code by Government Ordinance 16/2022, the biggest impact to be in the food, tourism and real estate sectors, is the conclusion of an analysis published on Tuesday by Izabela Stoicescu, Senior Manager PwC Romania and Cristina Florea, Senior Consultant PwC Romania."For some beverages (mineral and carbonated waters ...

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