"Introducing, as of 1st September the reduced rate for VAT is a measure that the business environment asked for a long time. Moreover, Romania was one of the few European countries that do not apply differentiated rates of VAT on basic foodstuffs. Beyond the social benefits of this measure, it is expected that this will also lead to a stimulation of consumption, and, if coupled with a sustained activity of control, we can assist in time to reducing evasion in this sector, "said Daniel Anghel, Partner, Tax Advisory, PwC Romania.
