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Romania’s Fin Min To Appeal Senate Decision On VAT Cut For Basic Food-PM

Romania’s Ministry of Economy and Finance is to appeal at the Constitutional Court an act adopted by the Senate regarding a 5% cut in the VAT for basic food, as the decision, if adopted, would trigger lower revenues to the budget and would leave food prices unchanged, Premier Calin Popescu Tariceanu said.
Romania’s Fin Min To Appeal Senate Decision On VAT Cut For Basic Food-PM
06 feb. 2008, 16:42, English

“Should the decision be promoted, the finance ministry will be mandated to attack the decision at the Constitutional Court,” Tariceanu said.

Romania’s senate on Wednesday approved a 5% cut of the value added tax for basic food – bread, meat, milk, vegetal oil and sugar.

The act is pending debates in the Chamber of Deputies, which is decisional chamber in the matter.