VAT on food to be reduced from June in Romania

The VAT on all the food products and non-alcoholic beverages will be decreased to 9 percent from June in Romania – Victor Ponta Prime Minister announced on Tuesday at a government meeting in Bucharest.

The Value Added Tax (VAT) is currently 24 percent in Romania. The new Tax Code would reduce this level to 20 percent from 2016. Earlier, the reduced 9 percent VAT was introduced in the case of bread and some tourist services in Romania. (MTI)