Finance Minister Tanczos Barna told Digi 24 that he intends to propose reducing cash transactions in certain areas this year to combat tax evasion. At the same time, the FinMin will ask Parliament to amend the Insolvency Law so that this instrument can no longer be abused for non-payment of tax obligations.
Tanczos Barna said that the estimate of revenues through the state budget for 2025 is “prudent”, so that there are no large differences between the forecasted and estimated revenues. “We are not throwing money of the pen into the budget,” the minister said.
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True but not enough! Romania has to make a colossal leap in order to collect the anyway low taxes. The VAT gap is the highest in the EU… above 80%. This is shocking and it means that taxes are not collected. Start decreasing taxation but hammer the cheaters by collecting the taxes properly.