Romania Might Lower VAT On Bread To 9% Starting July 1

01.28.2013 By Ioana Tudor

Romania might apply starting July 1 a pilot-project to cut VAT on bread from 24% to 9% if budget revenues increase so as to be able to cover a 200 million lei (EUR45.6 million) deficit the measure will trigger, Prime Minister Victor Ponta said Monday after talks with the International Monetary Fund.

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Keywords:
PONTA
, VAT
, BREAD