BUSINESS

Tax revenues up by 11 pc year-on-year in first four months

In the first 4 months of 2015 the National Fiscal Administration Agency (ANAF) collected an extra RON 6.42 bln in taxes compared to the same period last year. Tax revenues totaled RON 65.9 bln, reflecting an 11 per cent year-on-year rise and the surpassing of the tax revenues expected to be collected by 6.56 per cent, ANAF informs.

In April 2015 the tax revenues stood at RON 18.9 bln, up by 10.64 per cent year-on-year, meaning that the estimated tax revenues scheduled in line with budget laws were met in proportion of 103.54 per cent. “Analyzed by their structure, tax revenues confirm the effect of lowering the tax evasion, against the backdrop in which the collection of VAT has risen by 20 per cent, a rise of 14.24 per cent being registered in the collection of income tax too. Both the VAT and the income tax are the main indicators that reflect the positive effect of the measure on combating tax evasion and of improving the voluntary payment of taxes,” ANAF writes.

Likewise, ANAF underscores the fact that a rise in the revenues’ GDP share is being registered for the first time in a long period, their GDP share rising from 8.87 to 9.34 per cent (in the first 4 months).

 

Related posts

Vodafone customers have new extras for international calls

Nine O' Clock

Ministry of Agriculture works to setting up agency to promote products on foreign markets

Nine O' Clock

Citibank extends business in Romania with full-service retail segment

Nine O' Clock

Leave a Comment