VAT
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Government Set To Resume Talks With IMF To Lower VAT On Food
Romania’s Government will resume talks with the International Monetary Fund on lowering VAT on basic food items to 9% instead of the current 24%, as soon as the Agriculture and Finance minis...
Parliament Adopts Ordinance Making VAT Due On Invoice Payment Starting 2013
Romania’s Chamber of Deputies on Tuesday adopted a Government emergency ordinance making VAT due on invoice payment starting January 1, 2013.
Senate Adopts Ordinance Making VAT Due On Invoice Payment Starting 2013
Romania’s Senate on Monday adopted unanimously a Government emergency ordinance making VAT due on invoice payment starting January 1, 2013.
Romania To Pay VAT Refunds Worth RON1.06B In September
Romanian tax authority ANAF will pay value added tax refunds worth 1.06 billion lei (EUR236.1 million) in September, of which RON54.6 million represents compensations.
Government Expects Making VAT Due On Invoice Payment To Boost GDP By 0.5%
Romania's Government estimates that making VAT due on invoice payment starting January 1, 2013 will increase the GDP by about 0.5%, as well as improve employment and the public's income.
Finance Ministry Proposes Making VAT Due On Invoice Payment For Small Firms
Romanian companies with sales lower than 2.25 million lei (EUR500,840) will pay VAT when cashing their invoices starting next year, while larger businesses will be unable to deduct VAT from...
IMF Rejects Romania's Plan To Lower VAT On Food, Introduce Progressive Taxation – Sources
The International Monetary Fund, the European Commission and the World Bank told the Romanian Parliament's committee for budget and finance that, for the time being, they do not agree with r...
Retailers Say VAT Cut For Basic Food Will Reduce Shelf Prices
The recent Government decision to cut the value added tax VAT for the basic food products to 9% as of 2013 will trigger lower shelf prices by the same percent, according to the Association o...
Romanian Employers Say VAT Cut For Basic Foods Will Reduce Prices By 15%
The recent Government decision to cut the value added tax VAT for the basic food products to 9% as of 2013 will trigger a 15% price decrease for these products and a significant reduction of...