VAT on food decreased by 9 percent in Romania

The government decree on the extension of the reduced VAT rate entered into force in Romania on Monday.

The manufacturer and distributor companies should use a 9 percent VAT rate not only for bread but for all food products. The Romanian government plans to decrease the value added tax on other products from 24 to 20 percent from the first of January 2016. (MTI, Baranyi László)