Books, notebooks, magazines, newspapers and certain categories of tickets to be applied 5 pct VAT

Minister of Culture, Ionut Vulpescu, on Tuesday submitted to the Deputies' Chamber an amendment to the Tax Code to reduce to 5 per cent the VAT for books, notebooks, magazines, newspapers, tickets for museums, memorial houses, historic monuments, architectural and archaeological monuments, zoological and botanical gardens, fairs, exhibitions and cultural events, sports and cinema events as well.

Photo credit: (c) Grigore POPESCU / AGERPRES ARCHIVE

"Given that we already had the necessary tax space, we decided it was possible to extend the measure of slashing VAT to 5 per cent for other categories of goods and cultural services as well, and not just for the books, as initially announced. I wish that, through cutting down prices not only for books, but also for tickets to monuments and museums, we will be able to contribute to the democratization of the access to culture, sometimes impeded out of financial reasons. I hope that the interest for the participation in cultural events will grow, so that we will be able to offer, especially to the younger generation, an even better chance in terms of their access to good quality culture," Vulpescu said in a release sent by the Ministry of Culture to AGERPRES.

On April 23, the Minister of Culture announced that the Value Added Tax for books will be cut from 9 down to 5 per cent, the measure following to come into force in the first day of next year. AGERPRES