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| Foto: Supermarket in Bucharest. |
The value-added tax (VAT) will be cut from 24 per cent to nine per cent for food products (e.g. milk, eggs, vegetables, meat, fish, tea, coffee or spices), live animals, plants and seeds, non-alcoholic beverages and food ingredients - according to the news agency Mediafax.
The new tax will come into force on Monday, 1st of June. A nine percent VAT is already in place since September 2013 for bread and bakery products.
Mediafax is quoted as saying that a 12.4 lei piece of cheese of 250 grams will cost 10.9 lei after the new tax will apply.
"The prices will drop with 12 per cent", a representative of a food chain in Romania is quoted.
The new VAT will be applied in restaurants, too.
The products purchased with the new tax will be shown distinctly on the tax receipt, according to the Finance Minister Eugen Teodorovici.
He said that the new VAT for food products will generate an 0.6 per cent increase of GDP.
