BUSINESS

Fiscal operations streamlined to 8 regional centers and 47 offices

The National Agency for Fiscal Administration (ANAF) will be downsized over the next three years from 221 financial administrations to 47 offices in eight regions, according to the agreement between Romanian authorities and the experts of the International Monetary Fund (IMF), World Bank (WB) and the European Commission (EC). “By late 2012, we will have approved a multiannual plan with the World Bank to support this project,” writes the additional letter of intention agreed by Romanian authorities and the IMF, EC and WB experts. That same document also says that the fiscal constraint efforts have been tightened by increasing the risk analysis and auditing capacity and by improving cooperation with the National Customs Authority and the Financial Guard. “In July, we set up a special VAT intra-community fraud crackdown unit focused on high risk areas. We will improve the brining to trial procedure in tax fraud and will intensify the cooperation between ANAF, Police and the Prosecutor’s Office,” the document also states.

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