Romania misses out on 33% of VAT revenues due

By Daniel Anghel, Tax and Legal Services Leader PwC Romania | Head of Indirect Taxes PwC CEE  Romania only collects about two thirds of the VAT due to its state budget every year, according to a European Commission report who notes that under-collection of VAT causes states difficulties in performing their main function, providing public services. The indicator used by the EC measures the difference ...

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