Romania To Apply Reverse Taxation On Cereal Starting June 1

Romania will apply reverse taxation on cereal and plants with industrial use for about two years starting June 1, according to a draft emergency ordinance drawn up by the Finance Ministry.Last year, Romania requested derogation from EU regulations to apply reverse taxation on intra-community trade with cereals, fruit, vegetables, meat, sugar and bread. The European Commission rejected the request. In December 2010, the country told the EC it revised the list of products for which it ...

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