PM Ponta: I support differential VAT on agricultural produce starting January 1, 2013 - financiare.ro
 Home Page  | News  | Exchange Rates  | Interbank Rates  | Central Banks  | Capital Markets Authorities  | Romanian Banks  | Archive  | Romanian  
 Finance-Banks  | Economy  | Business  | Capital Markets  | Real Estate  | Cars  | Travel  | HR Careers Education  | Media  | IT & C  | Environment 

News » July, 2012 » 25 July 2012

PM Ponta: I support differential VAT on agricultural produce starting January 1, 2013
25.07.2012, 10:15 | Agriculture | 497 views



Prime Minister Victor Ponta said Tuesday at the headquarters of the Agriculture Ministry that he is supporting the introduction of a differential VAT on agricultural produce as from January 1, 2013.

‘I am supporting the introduction on January 1, 2013, with all the budgetary consequences, of a differential Value-Added Tax (VAT) on agricultural produce, a 24-percent VAT, 9 percent to be withheld for the national budget and 15 percent to be paid back to producers.

This is a fundamental programme and we want the effects of price dropping, and particularly of the fight against tax evasion and our support for the local producers, to be positive in 2013,’ Ponta told a news conference at the Ministry of Agriculture and Rural Development.

Read more on Financiarul.ro




Latest news in category Agriculture

Lately, the Ministry of Agriculture has taken several steps when it comes to rural development. One of them concerns encouraging small farmers that have less than 5 hectares of land to associate. read more...


The European Commission does not agree to the project promoted by the Romanian authorities concerning the sale of land to individuals, said Achim Irimescu, secretary of state in the Ministry Agriculture and Rural Development (MADR), and he said that European officials will help us in drawing up a better document in that area. read more...


Romania in 2012 ranked top in the European Union by the maize-grown area, but it trailed third by the maize production, after France and Italy, because of the lower yield, shows the statistic research on the Agricultural Production in Main Crops in 2012 made by the National Institute for Statistics. read more...


Subscribe to newsletter
Name:
E-mail:
News: Yes  No 
Exchange Rates: Yes  No 


Top news last 7 days


Publicitate pe acest site
Copyright 1999-2017 Pandora Impex SRL.