From August 1, the VAT rate for agricultural products and services decreases from 20% to 9%

August 11, 2016 The government has decided that from August 1 the VAT rate for a number of products and services specific to the agricultural sector will be reduced from 20% to 9%. This fiscal measure is a very important one for those who carry out their activity in the agricultural field, because it creates favorable premises for stimulating this sector. Thus, quality agricultural works and increasing productivity in agriculture will be encouraged. This VAT reduction measure is also aligned and in line with the relevant acquis. Some of the products and services that benefit from the reduction of the VAT rate to 9% include: fertilizers, phytosanitary products, seeds and other products intended for sowing or planting; plowing and sowing services, plowing, herbicide, harvesting. We remain open for more information on this measure. You can count on our support to be always informed about what is important for your business.