Romania’s Government Fully Aware Of Low VAT Collection, Inability To Fight Tax Evasion

12.03.2013 By Claudia Medrega

Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, included in the 2014 draft state budget, prove the Government acknowledges a low VAT collection and implicitly its inability to fight tax evasion.

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Keywords:
government
, VAT
, collection
, revenue
, state budget