Value added tax (VAT) – 20%
Export of goods and services, as well as trade of goods and services with the countries of the European Union are not subject to VAT (0% tax, reverse). Legal entities with an annual turnover of 50,000 leva and more are required to pay VAT. This tax must be paid before the 10th month following the reporting year. Entrepreneurs can get VAT refund in case they export goods. In addition, some companies may count on reduced tax rates. For example, hotel businesses apply 9% VAT.