VAT CUT
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IKEA Cuts Prices By An Average 2.3% Ahead Of Planned VAT Cut To 20% As Of Jan 1, 2016
IKEA Romania decided to cut prices by an average 2.3% for the entire range of products, which includes 9,415 items, while for 344 best-selling items, prices will be cut by an average 15.5% in order to redistribute to customers the planned cut in the standard V...
GfK: Money Resulted From VAT Cut On Food Returned To FMCG Market
Romanians spent most of the money resulted from food VAT cut on food products, followed by non-food products, while the rest went to other expenses or saving, according to a GfK survey.
Romanians Can Afford To Buy Higher Quality Products After VAT Cut On Food Items - AMRCR
Romanians started to buy higher quality products after the VAT cut on food items from 24% to 9% in June, Sorana Georgia, vice-president of the association of major retail chains in Romania (...
Romanians Saved EUR500M In Two Years After VAT Cut On Bread - Rompan
Romanians saved EUR500 million in two years after the the the sales tax on bread was lowered, Aurel Popa, head of the association of milling and bakery companies Rompan, told “MEDIAFAX Talks...
Finance Minister: VAT Cut On Food Items Had Positive Impact Over State Budget
The impact of the VAT cut to 9% on food items as of June 1 was a positive one, bringing RON400 million to the state budget, although the government estimated a negative impact of RON500 mill...
VAT Cut On Food Items Triggers 11% Price Cut, 17% Sales Hike -Study
The VAT cut on food items has triggered an average price decrease of 11% and a 17% sales increase, according to a survey from market researcher Nielsen.
Competition Council Fears Retailers May Collude To Keep VAT Cut In Their Profits
Romania’s Competition Council fears that stores, retail chains and producers might collude to keep in their profits the planned cut to 9% in the sales tax on food items starting June 1, watc...
Profi Cuts VAT On Several Food Items
Supermarket chain Profi, owned by investment fund Enterprise Investors, cut the value-added tax on several food items, being the first retailer to implement the VAT cut which is to come into...
Fiscal Council: VAT Cut On Food Items Should Have Been Announced Right Before Implementation
The VAT cut to 9% on food items should have been announced right before its implementation, to avoid price hikes operated by retailers, Fiscal Council head Ionut Dumitru told Coface Country...