Cereals and oilseeds may be taken under the reverse VAT

It is expected that cereals and oilseeds will be inserted into the reserved VAT category – announced the Ministry of Rural Development.

The Communication recalls that within the cereal sector the black economy is estimated at 30 percent, so the government launched an investigation over foods burdened by VAT. Currently there is no possibility to reduce the value added tax, because of the economic situation, so the government thinking in a technical solution – reports MTI.