VAT Revenues Climb Nearly 30% In July, Slowdown Sure To Follow

09.05.2011 By Claudia Medrega

Value added tax revenue surprisingly rose by 29.2% in July compared to July 2010, to RON4.2 billion (EUR0.99 billion), but the pace will most likely see a significant slowdown starting in August, considering that the base effect that followed the VAT hike is starting to wear off.

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Keywords:
VAT
, REVENUES