The latest European Commission report on the VAT Gap, covering the 2019–2024 period, shows that Romania recorded a VAT compliance gap of 30% in 2023, unchanged from 2019, according to Forbes. The indicator measures the difference between the VAT theoretically due, calculated based on consumption data, and the amount actually collected by the state.
Challenging economic context and early signs of improvement
According to the report, 2023 was marked by high inflation and sharp increases in electricity prices, which led to government interventions such as price caps. These developments affected consumption patterns and, indirectly, VAT collection.
Read full article here: turnovernews.com
Read also: Romania records the EU’s fourth-highest poverty rate, but Eurostat data shows encouraging progress
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