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OECD Urges Tax Reforms to Boost Revenue Efficiency

  • 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

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