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.
Participation in cultural education activities continues to be limited, with the main barriers being difficult access, insufficient knowledge, and cost, the recently released Cultural Consumption Barometer 2024 shows. The report showed that many Romanians still associate culture with entertainment rather than with personal development or furthering their knowledge. The need for relaxation dominates in cultural […]
Roughly 84% of Romanians say that the pace of the state’s digitalization is slow or very slow, according to an Edge Institute & AtlasIntel study presented at the Digital Governance Summit 2025, which took place on Tuesday, November 25, at the presidential palace in Bucharest. The survey aims to capture the way citizens relate to […]
Romania’s Superior Council of Magistracy (CSM) issued a negative opinion on the new bill regarding magistrates’ pensions. The move is only the latest development concerning a heated issue that led to tensions between the executive and the judiciary branch. CSM’s opinion is consultative, and the government led by Ilie Bolojan can still take responsibility for […]
Romania took the presidency of the Central European Initiative (or CEI) on Wednesday, November 26, according to a press release from the Ministry of Foreign Affairs (MAE). The organization is a regional intergovernmental forum established in 1989, following the fall of the Berlin Wall. It gathers 17 Member States in Central, Eastern, and South-Eastern Europe […]
Trade between Romania and Poland continues to grow, with annual bilateral exchanges in goods now valued at more than EUR 12 billion, according to figures presented by the Polish-Romanian Bilateral Chamber of Commerce and Industry (PRBCC). The data was released during a reception in Bucharest marking Poland’s Independence Day and Romania’s National Day. Polish investments […]
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 […]
