EU Rejects Romania’s Plans To Apply Reverse Taxation On Food

The European Commission has rejected reverse taxation in the food sector, which entails that transaction taxes will be paid by beneficiaries and not by entities that delivered the merchandise, said Thursday Aurel Popescu, head of Romania’s bread industry association Rompan."(Finance Minister Sebastian) Vladescu told me we should talk about reverse taxation in the past tense, because Romania didn't get the European Commission's approval to introduce it," Popescu said during the Mediafax ...

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