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Government reduces VAT for agricultural services, seeds, pesticides and fertilizers to nine per cent

2016-08-20 02:33:42 - From the Print Edition

VAT for agricultural services, seeds, pesticides and fertilizers is set to decrease from 20 per cent to nine per cent, announced Prime Minister Dacian Ciolos in late June, most probably starting on 1 August this year, according to Agerpres. Ciolos hopes that the measure will have positive effects on the prices of suppliers in the field and will remove certain agricultural services from the "black market". "VAT for agricultural works, for delivery of inputs necessary for agricultural production, such as seeds, fertilizers, pesticides and other products required for sowing or cultivating plants in agriculture, but also for the provision of specific services of farming and maintenance of farming (...) decreases from 20 to nine per cent," said Dacian Ciolos, quoted by Mediafax. In his view, this measure will boost the performance of service quality and increase productivity and reduce the "black market".

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