Romania's budget loses 1/3 of VAT annually, state has difficulties in performing main functions
Publicat:Romania's budget loses one third of the VAT annually, the European Commission points out in the report on the deficit of collection of this tax, the consequence being that the state has difficulties in performing its main functions, namely to provide public services, according to an article written by Daniel Anghel, Partner, Leader of tax and legal services PwC Romania.
"The indicator published by the EC which measures the difference between the VAT potential to be collected to the budget, estimated on the basis of all transactions in the economy and the one actually collected in the…
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