- Romania’s president-elect Nicușor Dan opposes increasing the VAT rate in fiscal consolidation plans
- A potential 2 percentage point increase in the VAT rate is considered but not preferred
- Dan believes such an increase could lead to negative effects like tax evasion and reduced consumption
- He also rejects eliminating preferential VAT regimes for certain goods and services
- The government is encouraged to find alternative methods for fiscal consolidation to lessen consumer impact
Source: romania-insider.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
