Romania collects more taxes
Romania’s Tax Authority recorded budget revenues of EUR 21.4 billion in the first semester of the year, up 4.8% compared to its estimates and 8.8% higher year-on-year. The growth was due to higher revenues from VAT, income tax and profit…
Romania Insider · Journalist
· Updated · 1 min read
Romania’s Tax Authority recorded budget revenues of EUR 21.4 billion in the first semester of the year, up 4.8% compared to its estimates and 8.8% higher year-on-year. The growth was due to higher revenues from VAT, income tax and profit tax. Revenues from VAT collection increased by 18.3% to EUR 6.5 billion in the first semester, whereas revenues from profit tax increased by 12.2% to EUR 1.5 billion. Income tax attracted EUR 2.8 billion to the budget, up 14.2% compared to the first six months of 2014. T he positive results were recorded despite tax measures with negative impact on collection, such as cutting the social contributions by 5%. editor@romania-insider.com
