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May 13, 2021

FinMin Dragu: Rd 3 bln lei in damage identified from tax evasion in January-April 2016

The damage identified from tax evasion hits 2.9 billion lei in January through April 2016, the fiscal loss being diminished by 569 million lei, according to data presented on Sunday by the Public Finances Minister, Anca Dragu to the private broadcaster Digi 24.

“Evaluations are on the tax evasion, on the underground economy. These evaluations are completed mainly by institutions with such a possibility, the National Institute of Statistics, for instance, and even the Romanian Intelligence Service (SRI). In the first four months of the year, we do have an identified damage worth 2.9 billion lei. We have precautionary measures of 1.68 billion lei, we have fines plus confiscations of 94 million lei related to earlier damage, we have a cut of the fiscal loss of 569 million lei,” said Dragu.

The Finance Minister added that the National Tax Administration Agency (ANAF) is about to implement a new IT system that “will bring more ammunition” to combatting tax evasion.

According to her, the tobacco, alcoholic drinks and oil are the sectors with the highest tax evasion.


FinMin Dragu on Debt Discharge Law transaction’s taxation: social cases need protection


The Public Finances Ministry (MFP) is still waiting for some data from the Financial-Banking Services Users Association (AUSFB) and then it will come with a proposition on the taxation of transactions referring to the Debt Discharge Law (DDL, in order to protect the social cases, on Sunday told the private broadcaster Digi 24, the Finance minister, Anca Dragu.

“The law (DDL – editor’s note) was endorsed by the Parliament after more than one-year long debates. It was endorsed the way it is today. The legislator didn’t find it necessary to exempt the persons resorting to this law from the transaction’s taxation. We have talked with the AUSFB, I’ve understood a lot of aspects of the law and we believe that although this is not the ministry’s fault, that the law doesn’t provide an exemption for this kind of transactions, we consider the exemption of the social cases. It is about the persons who only own one house and resort to this law. We are still waiting for some information from the AUSFB and we wish to continue our analysis and to come with a proposition in this respect to protect the social cases,” said Anca Dragu.


Super-excise on fuels brings 10 mln lei to state budget in 2016


Super-excise on fuels has brought this year 10 million lei to the state budget, in only four months, as compared to 30 million lei in 2015, on Sunday told the private broadcaster Digi 24 the Public Finances Minister, Anca Dragu.

She stressed that the super-excise has been introduced to compensate the lower collections from CAS (health insurance contributions – author’s note) and that it is to be eliminated in 2017.

“When cutting the contributions, a diminishing of the collections is registered, therefore we needed this super-excise, the mote that Romania was on an agreement with the International Monetary Fund and the European Commission and any fiscal measure had to be neutral from the budget’s point of view. It will be cancelled in 2017,” said Dragu.

According to the new Tax Code, the super-excise on fuels worth 7 eurocent/litre stayed in force for another year, although in a first variant of the Code it should have been cancelled with 1 January 2016.

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