BUSINESS

ANAF posts 7.06 pc less budget revenues in Q1

The National Tax Administration (ANAF) in Q1 2009 realised budget revenues of RON 32.65 bn, 7.06 per cent less than in the similar period last year and 5.54 per cent less than the guiding time-table prepared by the Ministry of Public Finance. ‘The analysis of the revenues cashed into the state budget in Q1 2009 shows that the budgetary provisions for that budget in the period under scrutiny represented 4.04 per cent of the GDP, registering an underachievement in absolute value of RON 1.43 bn (or 93.31 per cent’, reads ANAF’s press release. In the same period, ANAF collected budget revenues of RON 34.75 bn, 6.44 per cent more than the amount of revenues realised. From another point of view, Robert Hofnar, director with ANAF, says the fiscal inspection conducted before the reimbursement of the value-added tax is being made difficult by the insufficient number of staff and by the fact that many tax payers operate in more than one county. On the other hand, Hofnar said that, according to a draft ANAF order, fiscal inspections in the case of exporters would be carried out after the VAT reimbursement. The Minister of Public Finance, Gheorghe Pogea, said at the end of March that the ministry would process the VAT settlements because private companies could not be expected to finance the state.

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