VAT
136 articole · RSS
Romania Will Lower VAT On Bread In September, Introduce Excise Duties On Luxury Products
Romania will lower the value added tax on bread to 9% from 24% on September 1 and the negative impact of the measure, estimated at about 100 million lei (EUR22.7 million), will be offset by...
PM: Government To Cut VAT On Bread If Breadmakers’ Associations Help It Fight Tax Evasion
Romanian Prime Minister Victor Ponta said the sales tax on bread will be lowered from 24% to 9% only if breadmakers’ associations help the Government in its fight against tax evasion.
Government To Revise Budget End-July, Lower VAT On Bread Likely In September
Romania’s Government will operate this year’s first budget revision at the end of July and hopes enough funds will be saved to allow the lowering of VAT on bread as of September, Prime Minis...
Vosganian Says Current VAT, Social Contributions Hinder Romania’s Economic Growth
Economy Minister Varujan Vosganian on Thursday said Romania will never post an annual economic growth above 4% unless it changes its sales tax and social security contributions.
Ponta Says Romania Will Pass Decree Lowering VAT On Bread To 9% After July 1
Romanian Prime Minister Victor Ponta on Tuesday said the ordinance aimed at lowering the value added tax on bread from 24% to 9% would be adopted after July 1, because the government can mak...
Romania’s Applying Lower VAT On Bread Depends On Reverse Taxation For Cereal
Romania’s Government will decide whether to apply a lower sales tax, of just 9% instead of 24%, on bread alone or the entire wheat-bread chain depending on the European Commission’s plans re...
Constantin: Lowering VAT On Bread Will Bring Added Revenues To Budget
Reducing the value added tax on bread from 24% to 9% starting 2013 will bring higher revenues to the state budget, will fight tax evasion and will either decrease or stabilize bread price fo...
Lowering VAT On Bread Not Feasible As Romania Lacks Revenues To Offset Loss
Reducing the value added tax on bread from 24% to 9% starting 2013 would have a significant impact on the state budget and, although in theory the measure may curb tax evasion in the bread i...
Ponta: Lowering VAT On Bread Requires Funds Of RON120M For 2H/2013
Reducing the value added tax on bread from 24% to 9% requires provisions of 120 million lei (EUR27.2 million) for the second half of the year, Romanian Prime Minister Victor Ponta said Monda...