On 7 April 2015, Romania's government approved the measure for reducing the VAT rate on foodstuffs from the standard 24% rate to the reduced 9% rate with effect from 1 June 2015. The country is also planning to cut the standard rate to 20%, which the government had indicated might take place in 2015, but will now likely happen in the beginning of 2016. The government has also indicated the poss…