www.oradesibiu.ro/2026/11/11/nazare-bugetul-pe-202

Romania's 2027 budget will likely maintain a 21% VAT rate, with the minimum turnover tax for large companies set to be eliminated starting January 1, 2027. Finance Minister Alexandru Nazare confirmed this during a Senate session, where he faced a motion of no confidence from AUR, which was rejected. The VAT rate was increased from 19% to 21% in August 2025 to help reduce the deficit. Nazare described the minimum turnover tax as a 'toxic tax' that has hindered Romania's development. AUR accused him of presenting a misleading deficit figure compared to the European method, but Nazare defended the accuracy of the budget figures. The Finance Ministry is now requesting budget proposals from other ministries for 2027.