Changes and additions to the
Tax Code: possible effects of
reducing the Value Added
Tax (VAT) rate to certain
categories of benefits Cover Image

Modificările și completările aduse Codului Fiscal: efecte posibile ale diminuării cotei de TVA la anumite categorii de prestări
Changes and additions to the Tax Code: possible effects of reducing the Value Added Tax (VAT) rate to certain categories of benefits

Author(s): Ionel Bostan
Subject(s): Law, Constitution, Jurisprudence
Published by: Editura Universităţii George Bacovia din Bacău România
Keywords: Council tax; initiative legislative; budgetary receipts; reduced VAT rate; the sustainability of public finances

Summary/Abstract: Through this initiative weintend to actually achieve a criticalapproach to bringing about an extension -through legislation - the scope of thereduced VAT rate, without sufficientsubstantiation of that measure. Risks thatmay occur are related to the issue ofsustainability of public finances. However,in the final part of the thesis we reveal anumber of aspects regarding the budgetaryimpact of the legislative measure at issuehere, given the extremely mitigated fiscalspace of the adoption of such formulas offiscal relaxation, reporting to the currenttargets of budget deficit in context ofrestrictions (preventive action) derived fromthe Growth and Stability Pact.

  • Issue Year: V/2016
  • Issue No: 2
  • Page Range: 581-590
  • Page Count: 10
  • Language: English, Romanian
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