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Bucharest
May 17, 2022
BUSINESS

Reverse taxation for grains, starting today

The government decided yesterday to put in practice the reverse taxation method for grains and technical plants, starting July 1, 2011, for a period of two years. PM Emil Boc supported the decision, for which approvals were obtained from the European Union. Boc believes this is one of the most efficient methods to fight fiscal evasion. “In this way we would eliminate from the market the ghost-companies which avoid paying VAT,” the premier said for Mediafax. According to the Finance Ministry, reverse charge for grains and technical plants will generate supplementary incomes to the state budget worth of RON 240 M this year and RON 410 M in 2012.

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