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.

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“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.

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