- Romania had the highest VAT collection deficit in the EU in 2022, losing 30.6% of VAT revenues.
- The EU VAT gap increased to €89.3 billion in 2022, representing 7% of the revenue that should have been collected.
- Romania’s VAT gap decreased by 4.2% compared to 2021.
- The lowest VAT gaps in 2022 were recorded in Cyprus, Portugal, and Ireland.
- The highest deficits were observed in Slovakia, Malta, and Romania.
- Italy had the largest nominal VAT gap, followed by Germany and France.
- Romania’s VAT gap is on a downward trend, with a significant decrease in 2022.
- The National Recovery and Resilience Plan includes measures to reduce the VAT gap by 5% by 2026.
- The implementation of fiscal digitalisation measures, including the RO e-Invoice and RO e-Transport systems, is expected to further reduce the VAT gap in the future.
Source: thediplomat.ro
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
