Inflation hits 8.4%; rise to nearly 10% forecast
Romania is proposing cutting VAT on automobile fuel to 5% from 1 April 2022. This would cover: leaded gasoline, unleaded gasoline, liquefied petroleum gas (LPG) and diesel.
VAT cut on domestic electricity from April is also being pushed. Although this could be brought forward to February.
Check which other EU states have cut domestic energy VAT on inflation concerns. Costs of European electricity hit new highs this month as it faces energy shortages as economies recover from the pandemic, boosting demand.
In December 2021, EU finance minister agreed new reduced EU VAT rate setting freedoms which should come into place before April 2022.
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