The revenues were slightly below the finance ministry’s target, ANAF said in a statement.

It said total collected revenue was RON79.08 billion in the first half of the year, of which RON3.93 billion was refunded to taxpayers. Another RON0.92 billion was paid to privately administrated pension funds.

The tax authority said revenues from the profit tax increased 1.46% on the year in January to June, while revenues from excise duties were up 4.74%. Value added tax revenues rose 31.5% on the year to RON21.6 billion.

On the other hand, revenue from the tax on income and wages nudged down 0.7% on the year, ANAF said. (EUR1=RON4.243)

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