The VAT reduction did not hit a hole in the Romanian budget

Government revenues have not decreased, despite the June introduction of the discounted 9 percent VAT on food, catering and non-alcoholic drinks in Romania – Victor Ponta Romanian Prime Minister said.

In Romania, the normal Value Added Tax rate is currently 24 percent. Ponta said that – according to preliminary data provided by the tax authorities – in June 2015, 5.067 billion lei Value Added Tax (VAT) was collected, 60 million lei more than in June last year.