VAT
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Fiscal Council: Average VAT Quota Of 14% As Of Jan 1, 2016 Places Romania Below All CEECs
Romania’s Fiscal Council said the cut in the standard VAT rate from 24% to 19% as of January 1, 2016 actually means a decrease of 8 percentage points, not five points, given that the average...
Prices Dropped 12% After VAT Rate Cut On Food - Minister
Prices dropped 12% in June after the VAT rate was lowered to 9% on food, said Agriculture Minister Daniel Constantin, adding the measure has boosted consumption.
VAT Revenue Up 17% In Jan-May
The value added tax revenue in the first five months of the year was 17% higher than in the year-earlier period, and the 3.5 billion lei (EUR779 million) surplus is enough to offset the decl...
VAT Cut To Leave Consumers With RON5B Disposable Income If Retailers Cut Prices, Too
In a surprise move, the Romanian government announced a value added tax cut to 9% from 24% as of June 1 not only for staple foods, but also for all agri-food products, non-alcoholic beverage...
Romalimenta: Food Prices To Fall 15% As Of June, Following Planned Cut In VAT For Food
Food prices in Romania will go down by 15% starting June, following the planned cut in the value added tax rate for all food products, to 9% from 24% currently, Sorin Minea, head of the food...
Romania To Cut VAT For Food Products In June
Romania will cut starting June the value added tax rate for all food products, including non-alcoholic drinks and restaurant services, prime minister Victor Ponta said Tuesday.
PM: 1Q Revenue Collection Above Expectations, VAT Can Be Lowered This Year
First quarter data show that the collection of state budget revenues exceed the estimated schedule by RON3-3.5 billion, which allows the lowering of the value-added tax this year, Prime Mini...
Meat Industry Representatives Ask For VAT Cut To 9% On Basic Food Products As Of June
Meat industry representatives asked the Prime Minister to lower the value added tax from 24% to 9% on basic food products, including meat, as of June, to support the development of this sect...
VAT Cut On Milk To Relaunch Consumption, Lower Prices - Minister
Lowering VAT on milk and dairy will relaunch consumption and lower producer prices, Agriculture Minister Daniel Constantin said Tuesday at the MEDIAFAX Talks about Agriculture conference.