BREAD
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Finance Ministry And Rompan Estimate Tax Evasion Decline After VAT Cut On Bread At RON300M And RON200M
Romania’s Finance Ministry estimates the cut in the value added tax on bread to 9% from 24% starting September 1, 2013 led to a decline of RON300 million in tax evasion, while the associatio...
Rompan: VAT Cut On Bread To 9% Led To 20% Decline In Tax Evasion Within A Year
The cut in the value added tax in the bread industry, to 9% from 24%, starting September 2013, triggered a 20% decline in tax evasion, according to the study “The Impact Of Reducing VAT In T...
FinMin: Romania Must Analyze Impact Of VAT Cut On Bread Before Extending Measure To Other Foods
Romania’s Government may take a decision on lowering the value added tax (VAT) on other food products only after it analyzes the impact of the VAT cut in the bread industry to 9% from 24%, F...
Largest Romanian Bread Producer Is Looking To Grow Through Exports
The largest Romanian-held bakery group, Boromir Ramnicu-Valcea, is looking at Russia as a target market for its pastry products.
Agriculture Minister Says Sales Tax On Meat May Also Be Reduced
Romania’s Agriculture Minister Daniel Constantin on Wednesday said the sales tax on meat products should also be reduced if lowering the sales tax on bread proves beneficial.
IMF Says Lower Sales Tax On Bread Is Temporary
Romanian authorities will assess the impact of lowering the sales tax on bread from 24% to 9% and the measure is temporary, depending on the results it produces in fighting tax evasion in th...
Government Approves Lowering VAT On Bread To 9%
Romania’s government approved Tuesday lowering the value added tax on bread from 24% to 9% starting September 1.
PwC: Lowering VAT On Bread To Reduce Tax Evasion If Complemented By Other Measures
Lowering the value added tax on bread from 24% from 9% is an important step in reducing tax evasion in the bread industry and the measure should also be applied to meat, milk, sugar and vege...
Romania Will Lower VAT On Bread In September, Introduce Excise Duties On Luxury Products
Romania will lower the value added tax on bread to 9% from 24% on September 1 and the negative impact of the measure, estimated at about 100 million lei (EUR22.7 million), will be offset by...