Romanian Agriculture Min Suggests 10% VAT On Farming Products

Romania should reduce the VAT on farming products from 24% to 10%, to lower food prices and prevent tax evasion, Agriculture Minister Valeriu Tabara said Thursday in a press conference.The Government should reconsider the level of VAT and excise duties on farming products, said the minister. "A VAT of around 10% would eliminate tax evasion," he stated.This reduction has been in the works for a few years, and even appeared in a bill one time. However, in March 2011, Prime Minister ...

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