Ponta said a decision in this respect also depends on upcoming talks with officials of the International Monetary Fund and the European Commission.
VAT is the most important tax in Romania, accounting for almost a quarter of the total revenue at the consolidated budget, but collection is considered inadequate.
According to Ponta, a decision to reduce the value added tax six months earlier than the initial deadline of January 2016 will be made in April.
Romania’s new Tax Code draft stipulates cutting the value added tax from 24% to 20% as of 2016 and to 18% as of January 2018.
As per the new Tax Code draft, the government has extended the list of products to get a VAT cut to 9% to include milk, eggs, livestock and live poultry, besides meat, fish, fruit and vegetables.