Tax Code Draft: Romania To Lower VAT To 20% Next Year, To 9% On Meat, Fish, Fruit And Vegetables

Romania's government plans to lower the value added tax from 24% to 20% as of next year and to 9% on food items such as meat, fish, fruits and vegetables, according to the country's new Tax Code draft.

Oana Gavrila · Translator RO-EN

18.02.2015 · 13:08 · 1 min read

The government plans to lower the VAT even further, to 18%, as of January 2018.

For 2016, revenues to the state budget are estimated to drop by RON11.6 billion but revenues from VAT, social security contributions and income tax are estimated to grow by RON6.4 billion, resulting a net impact on the state budget of RON5.2 billion.

Subiecte #GOVERNMENT #TAX CODE DRAFT #VAT

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Tax Code Draft: Romania To Lower VAT To 20% Next Year, To 9% On Meat, Fish, Fruit And Vegetables

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