Tax evasion for alcoholic products reaches EUR 750 mln in Romania, says industry association

Tax evasion in the alcoholic beverages industry in Romania reached around EUR 750 million last year, according to estimations from the Garant Organization for the Alcoholic Beverages Industry in Romania. “The illegal practice sin this field have led to a drop of 20 percent in the total market share of the companies that are part of the Garant organization,” said Romulus Dascalu, president of Garant. The association has asked the Romanian authorities to fight tax evasion in this area, with more frequest controls and new legislation to cancel the tax exemption used by alcoholic beverages importers that run under offshore umbrellas. editor@romania-insider.com