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One third of VAT is missing from Romania's budget, and the EC warns that EU states can no longer afford these losses. What solutions are there? The Polish example

One third of VAT is missing from Romania's budget, and the EC warns that EU states can no longer afford these losses. What solutions are there? The Polish example

21 Sep 2020

Daniel Anghel, Partner, Leader of tax and legal services, PwC Romania

Romania's budget loses one third of VAT annually, according to the European Commission in the report on the collection deficit of this tax, the consequence being that the state has difficulties in fulfilling its main functions, respectively the provision of public services.

For complete information, please see the Romanian version of the article, here.

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