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Romanian Lower House Committee Rejects Bills Reducing VAT On Basic Foods, Taxes On Low Pensions
05.04.2011, 17:17 | Finance-Banks | 625 views
The committee for budget and finances in the Romanian Chamber of Deputies on Tuesday rejected a bill reducing VAT on basic foods to 5%, as well as another making pensions lower than 2,000 lei (EUR1=RON4.1147) tax-exempt. The bills will now be debated by the Chamber plenum. They had been sent back to the Parliament by President Traian Basescu with a request for re-examination. The Senate re-examined the tax exemption bill and voted to reject it, but kept the lower VAT bill as previously adopted. Read more on Mediafax.ro
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