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Romania must cut value-added tax by September 1

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Staff writer ▼ | July 24, 2015
Victor Ponta
Europe   Prime Minister Victor Ponta:

Romanian Prime Minister Victor Ponta said that "we must have the Tax Code and the cut value-added tax in force by September 1, as this is a thing that the businesses called for and the Government and Parliament of Romania unanimously pledged.

"...because it is after September 1 that all major companies make their investment plans in Romania".

Asked when precisely will a solution regarding the new Tax Code be outlined, more specifically if the Government is going to wait for the extraordinary session of Parliament or adopt the Code by emergency ordinance, the prime minister stressed both options are possible.

"Both options are possible. We must have the Tax Code and the cut value-added tax in force by September 1, as this is a thing that the businesses called for and the Government and Parliament of Romania unanimously pledged, because it is after September 1 that all major companies make their investment plans in Romania - and we cannot keep them waiting until we carry on our political wrangling.

"I am interested in those who make investments, create jobs and pay taxes in Romania. They must know, on September 1, not only how much the VAT is - 19 percent - but also all the other measures in the Tax Code, which I repeat we worked on together", Ponta said.

The head of the executive made the remarks at a news conference organized to mark the launch to public debate of the National Strategy on Public Procurement for 2015-2020 as well as two draft acts in the new legal framework.


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