President Klaus Iohannis promulgated, on Thursday, the law that provides for the reduction of the VAT rate from 19% to 5% for the supply of heat pumps, photovoltaic and solar panels, informs Agerpres.
The normative act for stimulating investments in energy efficiency provides for the completion of article 291 paragraph (3) of Law no. 227/2015 on the Fiscal Code, in the sense of reducing the VAT rate related to the supply of heat pumps, photovoltaic panels and solar thermal panels, from the standard level of 19% to 5% on the tax base, in order to reduce electricity consumption and of consumers’ dependence on the volatility of the profile market.
According to the law, the reduced rate of 5% applies to the tax base and for the delivery and installation of photovoltaic panels, solar thermal panels, high-efficiency low-emission heating systems that fall within the reference values for PM emissions established in the directives European, intended for homes, including installation kits, components, respectively complete solutions, as the case may be, as well as those intended for central or local public administration buildings, buildings of entities under their coordination/subordination, with the exception of commercial companies.
By way of derogation, the law enters into force 3 days after its publication in the Official Gazette of Romania, Part I.
Tags: VAT reduced installation heat pumps photovoltaic solar panels law enacted
