November 20, 2017

New excises on alcohol and some luxury products, starting September 1

Public Finance Minister Daniel Chitoiu said that the excises on alcohol will increase from 750 euros/hectolitre to 1,000 euros/hectolitre and excises will be introduced on some luxury products, writes AGERPRES.  The measure will compensate the negative budgetary impact that might be determined by the VAT reduction in bread, from 24 % to 9 %. The additional revenues from the excises are estimated at 300 million lei by the end of 2013.  The Finance Minister said excises will be introduced on gold and gold objects, watches, jewelry, cars with engines of over 3,000 cubic centimetres, yachts and weaponry used by natural persons. The measure be applied starting September 1.

Source: Agerpres (read more)

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