ECONOMY FINANCE&BANKING

Tax agency head happy with collections: Tax compliance rate is 85.11 in 2017

Chairman of the National Agency for Fiscal Administration (ANAF) Bogdan Stan says he is pleased with the way the institution is doing its job, taking also into account that it faces understaffing and money shortage to cover wage expenses for the past two months.

Replying to a question taken during a press conference at the seat of the Ministry of Public Finance, Stan said he is satisfied with the collections.

“Yes, I can tell you that compared to 2013, when the compliance rate was 83.5 pct, we have now reached 85.11 pct, which is also higher than last year’s 84 pct. At this time I am happy with the way ANAF is doing its job, considering also under what conditions it carries out its activity. As you know, we are understaffed, we have been out of money for payroll expenses over the past two months. Mr. Prime Minister offered us support in this regard and promised to allocate the necessary amounts for the disbursement of the wages due for the last two months,” Stan explained.

He brushed off rumors about pressure for his resignation, and went on to say that an analysis is in the works to increase the agency’s efficiency as regards revenues collected by region and the number of handled taxpayers.

ANAF collected in H1 2017 over 100 billion lei in budget revenues, 4.1 percent more from the same period of the previous year, the agency said in a release this week.

“In the first six months of 2017, ANAF collected 101.15 billion lei, which means up 3.955 billion lei from H1 2016, which is a 4.1-percent increase by volume in the collected government revenue,” reads the statement.

In June 2017, ANAF collected 16.534 billion lei in budget revenues, up 1.768 billion lei, or 12 percent, from the 14.766 billion lei collected in June 2016.

“The June 2017 projected revenue reported by the Finance Ministry was achieved 102.7 percent, which means by 437.8 million more, despite Value-Added Tax (VAT) reimbursements standing at over 1.287 billion lei, up 513.3 million lei from the same period of the year before,” said ANAF.

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