Bloomberg: Romania May Push VAT Cut Forward to 2015 to Spur Consumption

Romania plans to lower the value-added tax rate by year-end “at the latest” to boost domestic consumption and economic growth, Finance Minister Darius Valcov said.   The government will cut VAT to 20 percent from 24 percent and to 9 percent for basic food products such as meat and vegetables once budget revenue increases sufficiently to allow a reduction without affecting the deficit target of 1.8 percent of ...

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