Romania 8-Months VAT Revenues Up 4.5% On Year After Tax Hike

Romanian budget revenues from the value added tax rose 4.5% on the year to 23.3 billion lei (EUR1=RON4.2648) in January to August, following a 5 percentage point increase in the VAT level enforced in July.VAT revenues as a share of the total budget revenue reached 21.9% end-August, the Finance Ministry said in a statement Wednesday. The country reported overall budget revenues of RON106.2 billion in the first eight months of the year, equal to 20.8% of the gross domestic product. Total ...

Developed by Codecraftsman