VAT
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VISA: Romania’s VAT Collections From Hotels, Gambling, Sports Activities Below 10%
Romania’s value added tax (VAT) collections are below 10% of the amount owed in some business sectors like hotels, gambling and betting, sports and entertainment activities, said Catalin Cre...
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...
Agricultural Sector Representatives Call On Government To Cut VAT On Meat To 5%
Employers in the Romanian agricultural sector are calling on the government to lower the value added tax (VAT) on meat and meat products to 5%, from the current 24%, arguing this will help c...
Ben Terra, EY Netherlands: Romania Needs To Speed Up VAT Refunds And Have Clearer Legislation To Attract Investors
The taxation system is one of the essential factors analyzed when companies decide to do business and invest in a country and if the VAT is 24% and investors pay 24% more because of this tax...
Ponta Opts For Lower VAT On Vegetables And Fruit
Prime Minister Victor Ponta said he would rather have the sales tax lowered to 9% for fruit and vegetables, because this sector is highly prone to tax evasion and unfair competition between...
FrieslandCampina: Dairy Product VAT Cut Could Drive Consumption Back Up
A cut of the value added tax for dairy products would push shelf prices down close to those charged by black market sellers and farmers and drive consumption back up, says Jan Willem Kivits,...
Government To Consider Cutting VAT On Other Foods After July 1, 2014
The government will look into lowering the sales tax on food products other than bread only after July 2014, Romanian Prime Minister Victor Ponta said Monday.
Head Of Carrefour Romania: Cut VAT On Food To Help Consumption Rebound
Jean Baptiste Dernoncourt, the newly-appointed executive of Carrefour Romania, says a reduction of VAT on food is needed in order for a steady recovery of consumption to occur.
Romania’s Government Fully Aware Of Low VAT Collection, Inability To Fight Tax Evasion
Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, inclu...