National Tax Administration Agency

The investments planned for this year, amounting to 61.4 billion lei, represent an all-time high and can act as a catalyst for the relaunch of economic growth, said the representatives of the Foreign Investors Council (FIC), which welcomes the adoption of the budget by Parliament. FIC considers that the budget reflects a balanced vision that favors Romania's economic recovery.

Prime Minister Ludovic Orban said on Thursday night for the B1 TV private broadcaster that Romania has the lowest tax and duties collection rate in the European Union, one of the reasons being that the computerization of the National Tax Administration Agency (ANAF) was not carried out, although all the companies were required to change their cash registers.

The workforce crisis, the rise of inflation, the prospects for the national currency's depreciation and the expansion of the financial gridlock are seen as the major challenges to the business environment in 2020, found the 9th "Barometer on the state of the economy" conducted by consulting company Frames and released on Friday.

Romania is no longer among the countries that experience the widening of the tax gap, said the National Tax Administration Agency (ANAF), referring to the European Commission's recent VAT Gap report. For Romania, the figures show that the fiscal gap remained approximately steady at 35.8 percent in 2016 and 35.5 percent in 2017 (the numbers are rounded off to 36 percent for both years).

Prime Minister Viorica Dancila and several members of her Cabinet met on Wednesday at Victoria Palace with representatives for the Confederation of Romanian Employers, at the initiative of the prime minister, to discuss how to resume and improve dialogue between the Government and the business community.

The Executive chairman of the ruling Social Democratic Party (PSD), Public Finance Minister Eugen Teodorovici on Friday said in northwestern Satu Mare that the Customs will no longer be under the authority of the National Tax Administration Agency (ANAF) but a separate structure under the authority of the Minister of Public Finance.

In its latest budget revision bill, the Ministry of Public Finance (MFP) projects an increase by 2.251 billion lei in the 2019 government revenues and by 285.7 million lei in the public expenses.

The lump-sum taxation might be more appropriate for both the business environment and the National Tax Administration Agency (ANAF), given that 45,000 companies out of 1.2 million contribute 98 percent of the state budget revenues, Minister of Public Finance Eugen Teodorovici on Tuesday told the conference "Tax Policies for Financial Restructuring and the Support of the Business Environment." "

Prime Minister Victor Ponta accused on Wednesday unnamed interested people of financing campaigns against the healthcare cards system and the National Tax Administration Agency (ANAF).

Photo credit: (c) Liviu SOVA / AGERPRES PHOTO

The first draw of the Tax Receipts Lottery will be held on Monday, April 13, on the second day of Easter, and the prize pool is 1 million lei (some 227,000 euros), the National Tax Administration Agency (ANAF) announced on Thursday.

Photo credit: (c) Mirel TUDORACHE / AGERPRES ARCHIVE