- Romania’s VAT losses for 2021 were the highest in the EU, amounting to nearly 9 billion euros.
- This represents half of Romania’s budget deficit for that period.
- The VAT gap in Romania decreased slightly to 36.7% in 2021, compared to 37.3% the previous year.
- Romania has had the highest VAT gap in the EU since 2015.
- If VAT had been collected at the same level as the Netherlands or Finland, half of Romania’s budget deficit could have been covered.
- The Netherlands had the smallest VAT gap in the EU, achieving a surplus of 146 million euros in VAT collection.
Source: seenews.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
