VAT cut for bread successful, to be maintained

Prime Minister Victor Ponta asserted that the VAT cut (from 24 percent to 9 percent) for bread was a successful initiative, and it would be continued. ‘The step of cutting the VAT for bread was successful and we will definitely continue it!  An important assurance for everyone – we have adopted the VAT reduction for bread products, and it proved to be a good measure, with a positive impact on people, on the economic environment, and for fighting tax evasion!’ .  Ponta also promised that the Executive will consider ‘applying differentiated VAT for other categories of foodstuff, too.

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