Romanian Govt Not Currently Planning To Hike Flat Tax, VAT -Fin Min

The Romanian Government does not currently plan to hike the flat tax or the value added tax VAT, minister of Finance Gheorghe Pogea said Tuesday evening, saying he has not talked to fiscal advisors on this issue.

9 views

"These measures were not approached and we do not want to infer anything that could…Today (e.n. Tuesday), I talked to the fiscal advisors, but not on these issues but on farmers’ problems," Pogea said, answering a question from the media.

Romania’s flat tax of 16% and the value added tax of 19% will be most probably hiked after January 1, 2010 as the recent fiscal measures do not ensure the needed resources to the budget, fiscal consultancy company Riff Holding president Marius Stancescu said Tuesday.

The flat tax might be increased to 18%, while the VAT could be 2.5-3 percentage points higher, at levels used in other countries, Stancescu said.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.