Romanian Court of Accounts finds major irregularities in tax agency operations

Romania’s Court of Accounts has identified significant deficiencies in the operations of the National Agency for Fiscal Administration (ANAF) during 2023, according to findings from a compliance audit quoted by Ziarul Financiar on June 6. The audit report highlighted problems across several critical areas, including the accounting of state revenues, tax risk assessment, transfer pricing controls, VAT refund processing, and the collection of taxes such as VAT and corporate income tax.

A key issue uncovered by the auditors was the existence of 47,513 companies operating at just 2,440 addresses - an average of almost 20 companies per location. These companies collectively owed nearly RON 30 billion (EUR 6 billion) to the state budget.