VAT returned in June reached a total RON1.44 billion.

“The July selection includes all VAT returns registered before June 7,” the authority said in a news release Tuesday.

Discounts with compensation and return cumulate RON1.16 billion, with RON168.7 million compensated and RON996.9 million returned. Fully compensated discounts cumulate RON295.2 million, while partially compensated discounts cumulate RON9.2 million. Returns cumulate RON154.7 million.

The first installment of payments, worth RON200 million, was set for July 12. The second installment, worth some RON300 million, will be granted on July 22 and the remaining sum, some RON500 million, is set for July 29. (EUR1=RON4.2838)