Romania’s ruling coalition to abandon zero VAT for housing and advertising

Liviu Dragnea, the head of the Social Democratic Party (PSD), has announced that the government will drop any initiative to eliminate the VAT for the acquisitions of houses and for advertising in the case of the media industry.

Dragnea said this initiative was dropped although it was mentioned in PSD’s campaign manifesto for the general elections.

The PSD head said that representatives in the advertising and media said that “this measure might have perverse effects.” The same reaction came from the side of construction firms, claimed Dragnea.

“Since the beneficiaries didn’t agree we will have to stick to zero VAT on agricultural inputs,” said Dragnea.

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