US EditionLoss of Budget, Pressure on Taxes and Costs. Ec: Loss of Vat in Romania by 30% in 2023. Estimates for 2024
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2 Articles
The most recent report published by the European Commission (EC) on the deficit of VAT for the period 2019 - 2024 indicates a 30% compliance gap at the level of 2023, similar to that of 2019. A 30% threshold means billions of uncollected ones, i.e. the state loses 30% of VAT which should collect it in accordance with the real consumption of the economy. For the year 2024, the EC report estimates a 0.5% decrease in the previous year, up to 29.5%,…
Romania registers one of the largest VAT deficits in the EU, but manages to maintain income stability, shows the EC report for 2019-2024. The VAT deficit in Romania remains high, but stable: there is a 30% decline in 2023, which means a slight decrease estimated for 2024 appeared for the first time in Romania TV.
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