The Tax Code stipulates the lowering of the value added tax (VAT) by one percentage point, to 19% from 20%, starting January 1, 2017. The VAT cut would be beneficial for the business environment, but the state budget would be hurt by this measure, according to Simion.
As regards the reformation of ANAF, Simion said the process must be sped up, adding the computerization and digitalization of the way taxes and fees are declared and collected will increase the state budget collection between 3% and 5%, according to statistic studies conducted in this respect.