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Romania cuts VAT rate on bread

  • VAT
  • 28 March 2013 | Richard Asquith

Romania cuts VAT rate on bread

The Romanian government has requested from the bail-out 'Troika' (the EU, ECB and IMF) that it be permitted to reduce the Value Added Tax rate on bread to 9%.

If permitted, the new rate will take affect from 1 July.

Romania VAT was raised to 24% in 2010 as its revenues fell amidst the worsening European economic situation.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.