ECONOMY FINANCE&BANKING

Internal Revenue Service rakes in an extra RON 14 bln compared to 2014

State budget revenues rose by almost RON 14 bln to RON 196.24 bln in 2015, while VAT revenues grew by 12 per cent, the National Fiscal Administration Agency (ANAF), Romania’s internal revenue service, stated in a press release.

According to ANAF’s data, budget revenues registered an 8 per cent year-on-year nominal growth (RON 13.693 bln). In relation to the initial revenue collection plan, that level represents a fulfilment rate of 104 per cent.

Ordered by budgets and by main taxes, the data shows that RON 136.899 bln were collected, up by RON 13.754 bln (+11 per cent as nominal indicator) year-on-year.
VAT revenues totalled RON 57.093 bln last year, up by RON 6.214 bln (12 per cent nominal indicator) compared to the year before (RON 50.878 bln). In contrast, the social securities budget registered a 6 per cent year-on-year drop in revenues, from RON 38.845 bln to RON 36.602 bln.

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