- The OECD’s economic survey of Romania highlights the need for the country to improve tax revenue collection through various reforms.
- The report emphasizes the importance of digitizing Romania’s tax administration to combat tax evasion and enhance revenue collection.
- The OECD suggests transitioning more goods and services to the standard VAT rate of 19% and gradually shifting towards progressive taxation of wages as part of broader tax reforms aimed at improving revenue efficiency.
Source GlobalVATcompliance
Latest Posts in "Romania"
- Romania Launches Tax Reforms to Curb Evasion, Streamline Share Transfers, and Reduce Bureaucracy
- VAT Cash-Accounting Thresholds Increased with Transitional Measures Effective March 2026
- Romania Delays Mandatory E-Invoicing for Individual Entrepreneurs to June 2026, Adds Deregistration Option
- Romania – VAT law – Law 227/2015 updated
- Romania Modernizes Tax Registration with Electronic Certificates and Enhanced Digital Services
