basic food

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