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Romania records largest VAT collection gap of all EU countries

Romania lost EUR 6.41 billion in 2017 in uncollected Value-Added Tax (VAT) revenues, the largest share of all EU member states, according to a study released on Thursday by the European Commission. The “VAT gap”is the overall difference between the expected VAT revenue and the amount actually collected by each country. Romania recorded the largest national VAT Gap with 36 percent of VAT revenues going missing in ...

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