If you didn’t do it already, it’s time to update the VAT rates on your system. From the 1st of January 2016, Romania cut its standard VAT rate from 24% to 20%. This quite good news, as the change will make your products cheaper to your Romanian customers, therefore we would recommend to update your tax settings as soon as possible.
How to update the tax rates
Updating tax rates is a simple operation:
- Go to WordPress Admin > WooCommerce > Settings > Tax.
- Click on the tax rate you would like to update (e.g. “Standard“), at the top of the page.
- Change the rate in the row with the country code “RO” to “20”.
- Save the changes.
If you are using our popular EU VAT Assistant, you can also refresh all EU tax rates with a single click. Simply select the rate type at the bottom of the page and click on Update EU VAT Rates.
All tax rates will be updated automatically to their most recent value. No risk to forgetting any of them behind!
Now all that’s left is double checking that all tax rates are correct. Our plugin updates the rates related to EU countries, therefore you will have to review the rates that refer to countries outside the European Union. If you don’t have any, then you’re done. WooCommerce will now use the new rates for orders placed from now on, and our plugin will collect the tax data automatically.
It couldn’t be easier! 🙂
The Aelia Team