State to refund VAT to farmers for clearing tax-related debts

The state will refund the VAT to farmers for these to be able to pay a number of overdue state taxes. The MPs gave a second reading to a bill to this effect on Thursday, IPN reports.

The VAT will be refunded during April 2022 – June 2023 inclusive. The measure applies to business entities that work in agriculture and that sustained losses of over 50% of the agricultural production on an area of minimum 50% of the owned land owing to the natural disasters of 2022.

“Approximately 200 million lei will be allocated for the business entities operating in the agricultural sector,” said the deputy head of the Parliament’s commission on economy, budget and finance Radu Marian.

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