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President-elect Dan Rules Out VAT Rate Increases, Emphasizes Economic Stability and Consumption Protection

  • President-elect Nicusor Dan stated there will be no increase in the 5 percent and 9 percent VAT rates.
  • He described potential VAT increases as theoretical and not considering factors like tax evasion and reduced consumption.
  • He is working to ensure the 19 percent VAT rate is not increased.
  • Increasing consumption taxes can lead to evasion and reduced consumption.
  • Eliminating the 9 percent rate for basic foods is not being considered.
  • The 5 percent rate applies to energy and other items, while the 9 percent rate applies to basic foods and other categories.
  • There is no plan to increase the rates from 5 to 19 percent or from 9 to 19 percent.

Source: actmedia.eu

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.

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