Happy new year to you all! We hope you had some great Christmas time, and that you are ready for a great 2017. Considering how 2016 went, it can only get better!
The new year starts with a good news for our Romanian friends. As announced last year, the Romanian government reduced the standard VAT rate from 20% to 19%, from the 1st January 2017.
This means that your products will be slightly cheaper. It would be a good idea 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 “19”.
- If needed, update the tax rate description.
- Save the changes.
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 check 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.
Again, best wishes for an incredible 2017 from the Aelia Team. May the new year be full of joy and, of course, business opportunities!
The Aelia Team