Finance Ministry And Rompan Estimate Tax Evasion Decline After VAT Cut On Bread At RON300M And RON200M

09.17.2014 By Ecaterina Craciun

Romania’s Finance Ministry estimates the cut in the value added tax on bread to 9% from 24% starting September 1, 2013 led to a decline of RON300 million in tax evasion, while the association of milling and bakery companies Rompan says tax evasion dropped by RON200 million.

To read the full story, please login. Not a member? Subscribe here.

Reveal Romania! Business news & views.
Find out all you need by reading the entire story
To invest in Romania, you need to find out about its opportunities.
To close a strategic partnership with a Romanian company, you need to learn about its market position and whether it is a trustworthy partner
To grow here, you need to be informed

Subscribe now
Only 50 euros/month (VAT not included)
Get access to reports, news and statistics in the main sectors of Romania’s economy. Follow the strategic moves of companies operating in Romania. We will keep you updated on the latest business events.
Contact: E: newsroom@zfenglish.com (newsroom), marketing@zfenglish.com (Marketing & PR), sales@zfenglish.com (subscriptions)
T: 0040-318.256.431 (Newsroom)
0040-318.256.158, 0040-318.256.408 (Subscriptions Department)
0040-318.256.469, 0040-318.256.470 (Advertising Sales Department)
0040-318.256.427, 0040-318.256.129 (Marketing & PR)

LOGIN / Lost password?

 
Read Also:
Rompan: VAT Cut On Bread To 9% Led To 20% Decline In Tax Evasion Within A Year
Keywords:
VAT
, BREAD
, IMPACT
Comment

Please fill all required fields!

Your comment was successfully added!

Comments will appear only after the moderation.