The standard rate applies to the taxable base for taxable operations that are not exempt from VAT or not subject to the reduced rate, and its level will be 21%, according to the draft Austerity Law published for public consultation.
The reduced VAT rate of 11% applies to the taxable base for the following supplies of services and/or deliveries of goods, including: the delivery of human-use medicines; the delivery of the following goods: foodstuffs, including beverages, intended for human consumption, whose NC codes are established by the methodological norms, except for: alcoholic beverages; non-alcoholic beverages falling under NC code 2202; foodstuffs with added sugar, with a total sugar content of at least 10 g/100 g of product, other than powdered milk for newborns, infants, and young children; dietary supplements as defined by Law no. 56/2021 on dietary supplements, as subsequently amended and supplemented.
It...