English
Banks are still charging a high interest rate on loans taken out for agricultural projects (5.5-6%), farmer Adrian Rădulescu said. In his opinion, this behavior is surprising, and he said that he was expecting those interest rates to drop.
A new taxation system for the agricultural sector should apply, different from the one used when it comes to trade, industry or services, in order for the economy to see a boost, Adrian Rădulescu further said. The authorities should adopt the Italian model, where the VAT on earnings from farming is only 4%, which caused revenues from Italian agriculture to increase 300%, Mr. Rădulescu said. Another measure proposed by him was the implementation of reverse VAT charge, which is intended to reduce tax evasion.
In his opinion, the authorities should grant more tax breaks (the reduction of the VAT) and additional aids to the Romanian farmers.
Euro
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