Results 1 - 24 from 24 for "vat cut"
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Romanian Government to Postpone VAT Cut to 18% for 2019
06.29.2017
Romania's government will postpone a standard value-added tax rate cut to 18% from 19% for 2019, according to the new government program to be voted upon in Parliament Thursday. more
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Tourism Minister Aims To Cut VAT To 9% For Travel Agencies
03.31.2017
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Romania’s Public Debt Up RON20B One Year After VAT Cut
07.18.2016
Romania’s direct public internal and external debt reached 278 billion lei (EUR61.7 billion) at the end of May 2016, having gone up by RON20 billion on the end of May 2015, according to Finance more
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Retailers ‘Ate’ One Third Of Food VAT Cut From 24% To 9%
06.02.2016
Prices of food and non-alcoholic beverages rose by about 3.6% in the online stores of Carrefour and Cora in the first year of 9% VAT, which means about one third of the about 13% drop in prices that more
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IKEA Cuts Prices By An Average 2.3% Ahead Of Planned VAT Cut To 20% As Of Jan 1, 2016
12.18.2015
IKEA Romania decided to cut prices by an average 2.3% for the entire range of products, which includes 9,415 items, while for 344 best-selling items, prices will be cut by an average 15.5% in order to more
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GfK: Money Resulted From VAT Cut On Food Returned To FMCG Market
12.04.2015
Romanians spent most of the money resulted from food VAT cut on food products, followed by non-food products, while the rest went to other expenses or saving, according to a GfK survey. more
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Romanians Can Afford To Buy Higher Quality Products After VAT Cut On Food Items - AMRCR
10.13.2015
Romanians started to buy higher quality products after the VAT cut on food items from 24% to 9% in June, Sorana Georgia, vice-president of the association of major retail chains in Romania (AMRCR), more
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Romanians Saved EUR500M In Two Years After VAT Cut On Bread - Rompan
10.13.2015
Romanians saved EUR500 million in two years after the the the sales tax on bread was lowered, Aurel Popa, head of the association of milling and bakery companies Rompan, told “MEDIAFAX Talks about more
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Finance Minister: VAT Cut On Food Items Had Positive Impact Over State Budget
07.31.2015
The impact of the VAT cut to 9% on food items as of June 1 was a positive one, bringing RON400 million to the state budget, although the government estimated a negative impact of RON500 million after more
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VAT Cut On Food Items Triggers 11% Price Cut, 17% Sales Hike -Study
07.02.2015
The VAT cut on food items has triggered an average price decrease of 11% and a 17% sales increase, according to a survey from market researcher Nielsen. more
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Competition Council Fears Retailers May Collude To Keep VAT Cut In Their Profits
05.11.2015
Romania’s Competition Council fears that stores, retail chains and producers might collude to keep in their profits the planned cut to 9% in the sales tax on food items starting June 1, watchdog more
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Profi Cuts VAT On Several Food Items
05.05.2015
Supermarket chain Profi, owned by investment fund Enterprise Investors, cut the value-added tax on several food items, being the first retailer to implement the VAT cut which is to come into force on more
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Fiscal Council: VAT Cut On Food Items Should Have Been Announced Right Before Implementation
04.29.2015
The VAT cut to 9% on food items should have been announced right before its implementation, to avoid price hikes operated by retailers, Fiscal Council head Ionut Dumitru told Coface Country Risk more
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PM: Government Considers Special Taxes Unless Retailers Lower Shelf Prices After VAT Cut
04.29.2015
The government can't freeze shelf prices following a VAT cut to 9% on food items but could introduce special measures, such as high taxes, unless retailers adjust their prices to the VAT cut, Prime more
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European Commission Voices Concerns Over Romania’s Planned VAT Cut
04.08.2015
The European Commission is concerned about the Romanian Government’s plan to reduce VAT rates which are expected to have a substantial negative fiscal effect, EC Vice-President Valdis Dombrovskis more
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Large Retailers In Romania Say Shelf Prices Will Reflect VAT Cut
04.08.2015
The planned lowering of the value added tax for all food products, including non-alcoholic drinks and restaurant services, to 9% from 24% currently, starting June 1, will be fully visible in shelf more
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VAT Cut To Leave Consumers With RON5B Disposable Income If Retailers Cut Prices, Too
04.08.2015
In a surprise move, the Romanian government announced a value added tax cut to 9% from 24% as of June 1 not only for staple foods, but also for all agri-food products, non-alcoholic beverages and more
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Constantin: VAT Cut For Food Products To Lower Prices, Boost Consumption
04.07.2015
The cut of the value added tax for food products to 9% will lead to lower prices, higher consumption and better collection of state budget revenues, Agriculture Minister Daniel Constantin stated more
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EY: VAT Cut Should Come Along With Measures To Tackle Tax Evasion And Boost Tax Collection
02.23.2015
The lowering of the value added tax should be supported by measures to fight tax evasion and increase tax collection, according to EY consultants, who also expect government to cut investments for more
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VAT Cut On Meat To Boost Consumption, Reduce Bankruptcies - Romanian Meat Association
02.20.2015
The lowering of the value added tax on meat, included in the new Tax Code draft, will boost consumption, reduce bankruptcy of companies in the sector and bring EUR300 million to the state budget from more
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Constantin: VAT Cut On Meat, On Government’s Agenda For 2015
12.11.2014
The VAT cut for meat and meat products will remain an objective of the government for 2015, if allowed by budget revenue, Agriculture Minister Daniel Constantin told Mediafax Talks about Brewing and more
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VAT Cut On Meat A Priority, Future Government To Decide - Minister
09.26.2014
A lower sales tax in the meat industry is a priority, after Romania lowered the VAT rate on beard to 9% from 24%, but the decision will belong to the future cabinet, after the presidential election in more
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Retailers Say VAT Cut For Basic Food Will Reduce Shelf Prices
08.09.2012
The recent Government decision to cut the value added tax VAT for the basic food products to 9% as of 2013 will trigger lower shelf prices by the same percent, according to the Association of Large more
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Romanian Employers Say VAT Cut For Basic Foods Will Reduce Prices By 15%
07.24.2012
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 more