Romania’s Applying Lower VAT On Bread Depends On Reverse Taxation For Cereal

04.03.2013 By Oana Gavrila

Romania’s Government will decide whether to apply a lower sales tax, of just 9% instead of 24%, on bread alone or the entire wheat-bread chain depending on the European Commission’s plans regarding reverse taxation on cereal, a Finance Ministry official said Wednesday.

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Keywords:
VAT
, BREAD
, REVERSE TAXATION
, CEREAL