That is why we will suggest cutting 4% off it, as it is the case in the EU countries,' National Liberal Party (PNL) deputy Eugen Nicolaescu, member of the Budget-Finance Committee told Ziarul Financiar.
The PNL representative argues that VAT is higher, because consumption is lower in Romania. According to Nicolaescu
, reducing the VAT quota would boost consumption and help re-capitalisation.The Liberals' proposals are not against the EU accession programme, he
says. PNL will also propose another modification to the law, in order to stipulate the possibility to use exception and transition periods in the VI-th Directive of the European Union
. PNL deputy Eugen Nicolaescu told Ziarul Financiar that such a stipulation would entail Romania's getting an exception period to operate low VAT quotas until joining the EU.
What exactly does this mean' 'If the economic policy shows I can introduce low VAT on certain products and services, I can cut 10% off the VAT, under the EU
VI-th Directive.On the other hand, in case we want to hinder certain businesses we can introduce a VAT quota that is 10% higher,' Nicolaescu
explained. Other PNL amendments target the list of products and services to benefit from lower VAT by this law and not by a Government Decision.PNL's amendments will be discussed in the meeting of the parliamentary group and will be registered with the Chamber of Deputies on Monday. (Ziarul Financiar) TOP
Increased security at Cotnari