The IMF doesn not like the Romanian VAT reduction

The Romanian government's plan to reduce the current 24 percent general VAT rate to 19 percent can cause substantial government deficits – the International Monetary Fund (IMF) believes.

Guillermo Tolosa, IMF representative responsible for Romania spoke about the issue on Tuesday, a day before the Romanian Parliament will vote about the government's draft tax code, which includes the 19 percent VAT. (MTI)