VAT GAP
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Report: Romania Posts VAT Gap Of 35.7% In 2020, Highest In The EU
Romania registered again the highest value-added tax (VAT) gap among European Union (EU) Member States, with 35.7% of VAT revenues going missing in 2020, according to the European Commission's recent VAT Gap report for 2020.
Romania Records Highest National VAT Compliance Gap In The EU In 2019
In 2019, Romania recorded the highest national VAT compliance gap with 34.9% of VAT revenues going missing in 2019, placing it first among European Union Member States, in line with a PwC an...
Romania Posts VAT Gap of 36% in 2017, Biggest in EU
Romania posted the highest VAT gap in the European Union, with 36% of VAT revenues going missing in 2017, followed by Greece (34%) and Lithuania (25%), according to a study released Thursday...
PwC: Romania Loses Over EUR6B Annually from Uncollected VAT
Romania lost EUR6.3 billion in uncollected VAT in 2016, according to calculations by PwC Romania based on a VAT gap study released by the European Commission.
EC: Romania Had Biggest VAT Gap in EU in 2016, of 35.88%
Romania posted the highest VAT gap in the European Union in 2016, of 35.88%, according to a study released Friday by the European Commission.
PwC: Romania Still Registers Highest VAT Gap In The EU
Romania still registers the highest value-added tax (VAT) gap in the EU, of 37.2% (the overall difference between the expected VAT revenue and the amount actually collected), which translate...
Romania Registered Highest VAT Gap In EU In 2000-2011, Of 42%
Romania registered the highest VAT gap in the European Union, of 42%, in the 2000-2011 interval, while the average VAT gap in EU was 17%, according to PwC.