Romanian Employers Say VAT Cut For Basic Foods Will Reduce Prices By 15%

07.24.2012 By Manuela Panescu

The recent Government decision to cut the value added tax VAT for the basic food products to 9% as of 2013 will trigger a 15% price decrease for these products and a significant reduction of the tax evasion, according to the employers in this industry.

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Keywords:
FOOD
, VAT
, CUT