Results 101 - 125 from 181 for "vat"
-
Agricultural Sector Representatives Call On Government To Cut VAT On Meat To 5%
04.17.2014
Employers in the Romanian agricultural sector are calling on the government to lower the value added tax (VAT) on meat and meat products to 5%, from the current 24%, arguing this will help crack down more
-
Ben Terra, EY Netherlands: Romania Needs To Speed Up VAT Refunds And Have Clearer Legislation To Attract Investors
03.12.2014
The taxation system is one of the essential factors analyzed when companies decide to do business and invest in a country and if the VAT is 24% and investors pay 24% more because of this tax, then VAT more
-
Ponta Opts For Lower VAT On Vegetables And Fruit
03.10.2014
Prime Minister Victor Ponta said he would rather have the sales tax lowered to 9% for fruit and vegetables, because this sector is highly prone to tax evasion and unfair competition between local more
-
FrieslandCampina: Dairy Product VAT Cut Could Drive Consumption Back Up
01.30.2014
A cut of the value added tax for dairy products would push shelf prices down close to those charged by black market sellers and farmers and drive consumption back up, says Jan Willem Kivits, the Dutch more
-
Government To Consider Cutting VAT On Other Foods After July 1, 2014
12.23.2013
The government will look into lowering the sales tax on food products other than bread only after July 2014, Romanian Prime Minister Victor Ponta said Monday. more
-
Head Of Carrefour Romania: Cut VAT On Food To Help Consumption Rebound
12.11.2013
Jean Baptiste Dernoncourt, the newly-appointed executive of Carrefour Romania, says a reduction of VAT on food is needed in order for a steady recovery of consumption to occur. more
-
Romania’s Government Fully Aware Of Low VAT Collection, Inability To Fight Tax Evasion
12.03.2013
Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, included in the more
-
VAT Cut For All Foods Only Solution To Boost Consumption, Retailers And Producers Say
11.08.2013
The VAT cut from 24% to 9% for bread has led to an increase of taxed production of flour and bread by 10% and 15%. Under the circumstances, retailers and production companies say that a VAT cut for more
-
Romania Registered Highest VAT Gap In EU In 2000-2011, Of 42%
11.07.2013
Romania registered the highest VAT gap in the European Union, of 42%, in the 2000-2011 interval, while the average VAT gap in EU was 17%, according to PwC. more
-
Romania To Change VAT Collection System To Satisfy EU Requirements
11.07.2013
The application of a system whereby Romanian firms must pay value added tax upon cashing in invoices will become optional and the government will eliminate regulations obliging firms to pay the VAT in more
-
IMF: Romania Must Analyze Impact Of Cutting VAT On Bread Before Extending Measure To Other Products
11.05.2013
Romania’s government may take a decision on lowering the value added tax on other food products besides bread only after it analyzes the impact of the VAT cut in the bread industry, IMF official more
-
ZF Conference: Tax Evasion A Form Of Unfair Competition. Improve Collection, Don’t Hike Taxes!
10.30.2013
The problem of tax evasion is systemic and has been perpetuated over time, affecting budget revenue collection. It has also affected honest companies, which have to compete against many players who more
-
Agriculture Ministry: Sales Tax On Meat Could Also Be Lowered To 9%
10.09.2013
Sales tax might also be lowered in the meat industry where tax evasion has been on the rise since the increase of the sales tax to 24%, Romania’s Agriculture Ministry state secretary Achim Irimescu more
-
Agriculture Minister Says Sales Tax On Meat May Also Be Reduced
07.31.2013
Romania’s Agriculture Minister Daniel Constantin on Wednesday said the sales tax on meat products should also be reduced if lowering the sales tax on bread proves beneficial. more
-
IMF Says Lower Sales Tax On Bread Is Temporary
07.31.2013
Romanian authorities will assess the impact of lowering the sales tax on bread from 24% to 9% and the measure is temporary, depending on the results it produces in fighting tax evasion in the bread more
-
Government Approves Lowering VAT On Bread To 9%
07.30.2013
Romania’s government approved Tuesday lowering the value added tax on bread from 24% to 9% starting September 1. more
-
PwC: Lowering VAT On Bread To Reduce Tax Evasion If Complemented By Other Measures
07.30.2013
Lowering the value added tax on bread from 24% from 9% is an important step in reducing tax evasion in the bread industry and the measure should also be applied to meat, milk, sugar and vegetable oil, more
-
Romania Will Lower VAT On Bread In September, Introduce Excise Duties On Luxury Products
07.29.2013
Romania will lower the value added tax on bread to 9% from 24% on September 1 and the negative impact of the measure, estimated at about 100 million lei (EUR22.7 million), will be offset by increasing more
-
PM: Government To Cut VAT On Bread If Breadmakers’ Associations Help It Fight Tax Evasion
07.29.2013
Romanian Prime Minister Victor Ponta said the sales tax on bread will be lowered from 24% to 9% only if breadmakers’ associations help the Government in its fight against tax evasion. more
-
Government To Revise Budget End-July, Lower VAT On Bread Likely In September
07.16.2013
Romania’s Government will operate this year’s first budget revision at the end of July and hopes enough funds will be saved to allow the lowering of VAT on bread as of September, Prime Minister more
-
Vosganian Says Current VAT, Social Contributions Hinder Romania’s Economic Growth
06.20.2013
Economy Minister Varujan Vosganian on Thursday said Romania will never post an annual economic growth above 4% unless it changes its sales tax and social security contributions. more
-
Ponta Says Romania Will Pass Decree Lowering VAT On Bread To 9% After July 1
06.11.2013
Romanian Prime Minister Victor Ponta on Tuesday said the ordinance aimed at lowering the value added tax on bread from 24% to 9% would be adopted after July 1, because the government can make no more
-
Romania’s Applying Lower VAT On Bread Depends On Reverse Taxation For Cereal
04.03.2013
Romania’s Government will decide whether to apply a lower sales tax, of just 9% instead of 24%, on bread alone or the entire wheat-bread chain depending on the European Commission’s plans more
-
Constantin: Lowering VAT On Bread Will Bring Added Revenues To Budget
04.02.2013
Reducing the value added tax on bread from 24% to 9% starting 2013 will bring higher revenues to the state budget, will fight tax evasion and will either decrease or stabilize bread price for a long more
-
Lowering VAT On Bread Not Feasible As Romania Lacks Revenues To Offset Loss
03.31.2013
Reducing the value added tax on bread from 24% to 9% starting 2013 would have a significant impact on the state budget and, although in theory the measure may curb tax evasion in the bread industry, more