VAT
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VAT Cut For All Foods Only Solution To Boost Consumption, Retailers And Producers Say
The VAT cut from 24% to 9% for bread has led to an increase of taxed production of flour and bread by 10% and 15%. Under the circumstances, retailers and production companies say that a VAT...
Romania To Change VAT Collection System To Satisfy EU Requirements
The application of a system whereby Romanian firms must pay value added tax upon cashing in invoices will become optional and the government will eliminate regulations obliging firms to pay...
IMF: Romania Must Analyze Impact Of Cutting VAT On Bread Before Extending Measure To Other Products
Romania’s government may take a decision on lowering the value added tax on other food products besides bread only after it analyzes the impact of the VAT cut in the bread industry, IMF offi...
ZF Conference: Tax Evasion A Form Of Unfair Competition. Improve Collection, Don’t Hike Taxes!
The problem of tax evasion is systemic and has been perpetuated over time, affecting budget revenue collection. It has also affected honest companies, which have to compete against many play...
Agriculture Ministry: Sales Tax On Meat Could Also Be Lowered To 9%
Sales tax might also be lowered in the meat industry where tax evasion has been on the rise since the increase of the sales tax to 24%, Romania’s Agriculture Ministry state secretary Achim I...
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...