Expert warns reverse charge VAT could reduce budget revenues in Romania
The proposal to implement a generalized reverse charge VAT mechanism as a solution to Romania’s VAT collection gap may result in lower, not higher, budget revenues and reflects a misunderstanding of how the system functions, according to…
iulian ernst · Journalist
· Updated · 2 min read
The proposal to implement a generalized reverse charge VAT mechanism as a solution to Romania’s VAT collection gap may result in lower, not higher, budget revenues and reflects a misunderstanding of how the system functions, according to tax consultant Mariana Vizoli, quoted by Profit.roon June 18.
Vizoli, a former head of VAT policy at the Ministry of Finance with 18 years of experience, responded to recent public arguments in favor of the mechanism, which tax expert Gabriel Biriș has promoted.
