Romania, IMF Consider Tax Hikes To Boost Revenue - Fin Min

Romanian authorities and officials of the International Monetary Fund are discussing several modalities to increase budget revenues, including possible tax hikes, Finance Minister Sebastian Vladescu said Tuesday.

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The International Monetary Fund suggested Romania increased the flat tax rate to 20% from 16% currently and the value added tax to 24%, daily Gandul quoted people familiar with the talks as saying earlier today.

Increasing the VAT to 25% from 19% currently is not among the topics discussed, Vladescu said.

"We are discussing several options. We've discussed them yesterday and the day before as well," the minister said.

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