VAT Cut To Leave Consumers With RON5B Disposable Income If Retailers Cut Prices, Too

04.08.2015 ZF English

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 restaurant services.

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Keywords:: vat; , cut; , impact; , income

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