Romania intends to crack down on tax evasion

The Romanian government intends to adopt a third emergency ordinance aimed at combating tax evasion on reduction of budget expenditures and on fiscal measures, after the adoption of the two emergency ordinances.

„There will be measures that (…) I saw that it appeared on the news: the Romanian state will take 50% of the amounts that one cannot justify. I did not discuss it with the minister (of Finance, ed. n.), because he did not present it to me, but it was news somehow presented as evil. If one can’t justify where they got the money from, in any state in this world, doesn’t the state take it from them?!” Prime Minister Ciolacu asked rhetorically, in a cryptic statement.

He also emphasized the importance of completing the digitization process of the National Agency for Fiscal Administration (ANAF).

Bby the end of August, the renegotiation of the National Recovery and Resilience Plan with the representatives of the European Commission will have to be concluded. „We have until 31 August to finish the negotiations to modify the PNRR, respectively to reduce some grants, of 2.1 billion euros, because we had an economic growth of 0.3 over 5 pct”, Ciolacu explained.

He announced that he will travel to Brussels for this purpose, mentioning other topics that will be the subject of the renegotiation, namely the milestone regarding the percentage of 9.4 pct of GDP for pensions, the REPower EU chapter – through which Romania would receive 1.7 billion euros more in the energy sector.

In the same framework, Ciolacu also said, it is possible to renegotiate the deficit target of 4.4 pct assumed by Romania for this year, reports Agerpres.

„The violation of the deficit is foreseen in the PNRR (…) At that moment, the Commission automatically triggers the suspension of European funds. We are the only state in the EU that has an agreement regarding the deficit (…), although we are not the only state which exceeded the deficit. We will address this aspect as well. Romania cannot afford to have its European funds suspended, it would be a disaster for Romania, it would bring political instability again in Romania with some costs that are hard to imagine in a very complicated regional context”, Romania’s PM further declared.

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