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Tag Archives: VAT gap

Romania loses annually over EUR 6 billion due to VAT gap, according to EC report

According to a report recently issued by the European Commission, uncollected VAT represents EUR 6.13 billion loss for Romania´s 2016 budget. At EU level, uncollected VAT amounted to EUR 147.1 billion, which represents a 12.3% VAT gap. All 6 Central ...

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VAT: EU Member States still losing almost EUR 150bn in revenues. The VAT Gap did increase in Romania, Finland, the UK, Ireland, Estonia, and France

EU countries lost almost EUR 150 billion in Value-Added Tax (VAT) revenues in 2016, according to a new study published on Friday by the European Commission. The so-called ‘VAT Gap’ shows the difference between the expected VAT revenue and the ...

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Romania reported the largest VAT gap in 2015 as EC report shows

EU countries lost an estimated total of EUR 152 billion in VAT revenues in 2015, according to a new study by the European Commission (EC). While average EU figures are improving, individual VAT collection performances vary significantly amongst Member States. ...

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PwC’s Anghel: State budget fails to collect about 38 pc of VAT

Romania does not fare well as far as collected VAT is concerned. According to Daniel Anghel, head of indirect rates and taxes at PwC Romania, the state budget fails to get about 38 percent VAT. ” As regards the value ...

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VAT fraud: Romania has lost over EUR 8 bn last year, PwC study shows

Romania, along with other Central and Eastern European (CEE) countries, has faced with a high level of VAT Gap (the difference between the VAT revenues that the state budgets should collect and actual VAT revenues) in 2015, 39.6 percent respectively, ...

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EC: Romania has the highest value of VAT Gap in EU

VAT revenue collection has failed to show significant improvement across EU Member States according to the latest figures released by the European Commission on September 4. In 2013, Member States’ estimated VAT Gaps ranged from the low of 4 percent ...

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Romania, the largest VAT Gap in EU

In 2012, the lowest VAT Gaps were recorded in the Netherlands (5% of expected revenues), Finland (5%) and Luxembourg (6%). The largest Gaps were in Romania (44% of expected VAT revenues), Slovakia (39%) and Lithuania (36%). Eleven Member States decreased ...

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