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Friday, January 14, 2005
Prime Minister Calin Popescu Tariceanu yesterday said he does not want to have different levels of Value Added Tax (VAT) for different products. Tariceanu also declared that he was against imposing a higher tax rate.
He also said no other products will be added to the category attracting lower rates of VAT. Currently, the VAT percentage is 19%.
The reduced VAT rate of 5% applies to products such as medical prostheses, drugs, book publishing, magazines, school books and tourism housing.
Posted by Iulia Rasoiu : 1/14/2005 09:46:00 am
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