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Romania plans tax on fast food
January 5, 2010 / 3:19 PM / 8 years ago

Romania plans tax on fast food

BUCHAREST, Jan 5 (Reuters) - Recession-hit Romania plans to introduce a tax on fast-food products to boost budget revenues, Health Minister Attila Cseke said on Tuesday.

If enforced, the tax could hit the revenues of global fast-food chains with a big presence in Romania, such as McDonald’s (MCD.N) or Kentucky Fried Chicken, as well as those of smaller chains in shopping malls across the country.

“The new tax will account for a percentage of fast food products sales, and the revenues that we will collect will be used to suplement funds needed to run health programmes and invest in system infrastructure,” Cseke said.

“We will hold meetings with producers and those targeted by this measure.”

While Cseke said details needed to be worked out, he did not ellaborate on the value of the tax or on how much it would add to the budget. (Reporting by Luiza Ilie, editing by Will Waterman)

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