Romania is again the first among the member states of the EU with VAT non-collection, according to a report of the European Commission published on Thursday which shows that our country has deepened in 2019 the losses in VAT collection by six billion lei, against the previous year. According to the European Commission in 2019 the lowest deficits in VAT collection in the EU were recorded in Croatia (1%), Sweden (1.4%) and Cyprus (2.7%) and the highest in Romania (34.9%), Greece (25.8%) and Malta (23.5%).'The deficit of VAT collection of Romania got worse in 2019, getting to 35.16 billion lei, after there had been an improvement in 2018 against 2017. Practically, Romania's budget does not collect over one third of VAT or 3% of GDP, meaning almost half of the deficit estimated of the budget for this year. I think that big progress can be made with VAT collection by automation of the ANAF. For example, in 2022 reporting will be made through the standard file of fiscal audit (SAF-T)which had good results in other states. But the effects of this change in reporting will not be seen before 2024, after the majority of the tax-payers join the new system' explained Daniel Anghel, partner and leader of the fiscal and judicial services, PwC Romania.According to the reports of the European Commision,starting with 2015, Romania has occupied the first place, every year, among the member states, with the highest VAT gap. 'Over the last two years, ANAF took important steps. There is a package of integrated measures whose implementation started in 2020 and there should be some results next year'Daniel Anghel says. Annually, the European Commission monitors the VAT gap recorded at the level of member states of the European Union, indicator calculated as difference between the income from VAT estimated to be collected and that effectively collected for the state budgets. The VAT gap covers the VAT losses from fraud, insolvency, bankruptcy, administrative errors, fiscal undue advantages. PwC is a network of companies present in 159 countries with more than 295,000 professionals who offers services in the domain of audit, fiscal consultancy and business consultancy.
As Romania moves closer to implementing the EU Pay Transparency Directive, local employers are preparing for one of the most consequential shifts in workplace regulation in over a decade. The directive, set for transposition by June 2026, introduces strict new rules on salary disclosure, pay reporting, and equal-pay verification, aiming to close persistent gender gaps […]
A young Romanian has developed a new system that allows people to return entire bags of recyclable packaging at once, replacing the traditional method of inserting bottles one by one into reverse-vending machines. The concept, called IZI, was created by Ștefan Parascanu, who returned to Romania after studying and working in the United Kingdom. The […]
JTI, the global owner of both Winston and Camel, announced on Thursday, November 27, a plan to build a new, state-of-the-art factory in Ștefăneștii de Jos, Ilfov County. Designed to replace the current Bucharest production site, which is operating under space constraints, the facility is scheduled for completion in 2027. Ground works at the new […]
The City Hall of Oradea, in northwest Romania, has begun installing new smart parking meters as part of its ongoing modernization and digitalization of the municipal parking system. The first batch of devices has already been placed in central areas, and the entire system is expected to become operational by the end of the year. […]
Orange Romania announced the launch of the 5G+ technology in the Bucharest subway, becoming the first operator in the country to reach mobile data speeds of up to 1 Gbps in the underground network. The company has begun activating the technology in several stations and plans wider deployment in the coming weeks. The first 5G+ […]
PPC blue Romania, the electric mobility division of the PPC group, announced the expansion of its national charging infrastructure through the acquisition of the Hermes Flow network, adding 116 new charging points for electric vehicles. Most are located in the Bucharest-Ilfov region, with the rest in 10 other counties. Once fully integrated, users will have […]
