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August 3, 2021
BUSINESS

CSCI poll: 9 in 10 Romanians expecting VAT cuts for food to lead to prices dropping

The cuts in the Value-Added Tax (VAT) for food are a good decision, according to 90 per cent of the respondents in a CSCI national poll conducted April 20-24, 2015.

“As many as 90 per cent of the respondents say the VAT cut for food is a good decision, while 7 per cent say it is a bad decision and 3 per cent do not know/do not want to answer. Nearly 9 in 10 Romanians rate the cuts a good decision as they are expecting prices to drop accordingly, while 8 in 10 say the measure will help the economy because it will boost consumption. At the same time, 7 in 10 respondents agree that the measure will help Romanian companies,” according to the poll’s findings announced by Agerpres.

The poll also shows that 64 per cent of the respondents believe the cuts in the VAT for food is a good decision because it will lead to price drops, 56 per cent because it will help the economy by boosting consumption and 52 per cent of them are expecting the measure to help Romanian companies compete with foreign companies.

On the other hand, 40 per cent of the respondents say the VAT cuts for food will lead to increases in other rates and taxes to fill in the potholes in the budget; 25 per cent say they partially agree with the statement, while 19 per cent totally disagree.

As far as the inspections of late of the National Tax Administration Authority (ANAF) are concerned, the poll shows they enjoy public support, as 73 per cent of the respondents have a very good opinion of them as opposed to 21 percent who think badly of it and 6 per cent who do not answer.

The poll also shows an overwhelming majority of Romanians agree with the public statements about the fight against tax evasion.

“As many as 95 per cent of the respondents agree that all companies have to respect the law, irrespective of their size; 81 per cent that ANAF should inspect as many companies as possible because their failure to pay their dues as well as tax evasion affect everyone’s business.”

Likewise, the statement that all fair people who pay their taxes stand to gain from the fight against tax evasion won the agreement of 78 per cent of the respondents, and 71 per cent of them agree that ANAF is contributing to a fair business environment with equal conditions for all.

Last but not least, 74 per cent of the respondents agree that tax evasion means less Government revenue, and consequently less money for public schools, hospitals, pensions and investment.

 

 

 

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