Romania housing VAT cut expires Oct 1; cyberattack extension ends

The reduced 9% VAT rate on certain housing purchases expires on September 30, reverting to 21% from October 1, despite a transitional extension granted after a July cyberattack on ANCPI systems. Buyers with pre-contracts and deposits may face higher taxes if properties are not delivered by the deadline. This creates a fiscal cliff for the real estate sector, potentially dampening transactions and affecting prices.