COLLECTION
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VAT Revenue Up 17% In Jan-May
The value added tax revenue in the first five months of the year was 17% higher than in the year-earlier period, and the 3.5 billion lei (EUR779 million) surplus is enough to offset the decl...
Government Collected RON4B Less VAT Than Planned In 2014
Romania’s tax authority ANAF collected only 50.8 billion lei (EUR11.4 billion) in VAT last year even though it had expected RON54.6 billion. VAT revenue therefore dropped in 2014 for the fir...
Budget Revenue Share Of GDP Down To Four-Year Low
The government came with two successive waves of taxation changes in 2013, followed by a new taxation increase in the first half of this year, but despite the new or higher taxes, the total...
Romania’s Government Fully Aware Of Low VAT Collection, Inability To Fight Tax Evasion
Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, inclu...
Romanian Debt Collection Market Falls 35% In 1H, To EUR615M
The Romanian debt collection market stood at EUR615 million in the first half of 2012, down 35% compared with the same period a year ago, the Debt Management Service Association (AMCC) said...
ANAF May Take Over Property Tax Collection
Romania’s tax authority ANAF may be in charge with collecting property taxes, after the Government changed in July the formula used to compute these taxes based on the property use, not the...