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The government is considering lowering the VAT on basic foods, says the finance minister

  • The Romanian government is considering lowering VAT on basic foods, with Finance Minister Marcel Boloș stating that the revision of the fiscal system is designed to protect the final consumer.
  • The revised system would take into account human needs, such as basic foodstuffs, public utilities, and medicine.
  • Boloș also announced that the VAT rate on basic agri-food products, such as flour, oil, fresh vegetables, meat, and dairy products, could be reduced.
  • The proposal is to be discussed in the coalition.
  • If prices do not decrease in the next 3 months, the Executive may consider imposing a measure to reduce commercial surcharges on essential products.

Source economedia.ro

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