In a post on his Facebook page, Prime Minister Victor Ponta announces that the MPs of the ruling coalition – the Social Democratic Party (PSD) – the National Union for Romania’s Progress (UNPR) – the Liberal Democratic Alliance (ALDE) – in the Chamber of Deputies on Wednesday will vote on the Tax Code that includes a cut in the Value-Added Tax (VAT) from 24 per cent to 19 percent, and there is a good chance for the reduced VAT to come into force before January 1, 2016.
“This afternoon, my colleagues Nicu Banicioiu and Eugen Teodorovici have visited me! There are two highly important things we discussed and for which we will be fighting to achieve in the coming days: 1) on Wednesday, the MPs of the ruling coalition — PSD, UNPR, ALDE — will cast a vote on the passage of the Tax Code as approved by the Government, with one adjustment: cutting the basic VAT to 19 per cent, instead of 20 per cent — and thus we symbolically bring to an end as well the disaster of 2010 — we have a predictable tax room and we provide an important political consensus (the National Liberal Party said it will also vote for the Tax Code if the cut is to 19 per cent instead of to 20 per cent). We discussed the matter and there is clearly a possibility of the VAT cut coming into force before January 1!,” reads Ponta’s post.
He also says he discussed with the two ministers a 20-per-cent cut as of July 1 in drugs prices. More…