Restituirea Taxei pe Valoare adăugată: Analize şi Soluţii
Value Added Tax Refund: Analyzes and Solutions

Author(s): Corina Gaibu
Subject(s): Economic policy, Public Finances
Published by: IDIS VIITORUL Institutul pentru Dezoltare şi Initiative Sociale
Keywords: taxation; value added taxes;
Summary/Abstract: Value added tax is the indirect tax on which the greatest attention is focused, both by the state and by private companies. Its administration is a difficult, painstaking thing, because it requires a lot of time and effort from both taxpayers and the tax service (reports, controls, verifications). The value added tax constitutes over 70% of the fiscal revenues from the state budget. Any deviation in VAT collection has a direct impact on the financing of budget expenditures. The table below shows the importance of value added tax, its share compared to other taxes and duties collected from taxpayers. In the first half of 2009 alone, out of the total of 4 billion lei in taxes and duties levied at customs, value added tax is 2.9 billion, ie over 70% of the total. At the same time, the influence of the crisis on economic activity is being felt. In 2009, compared to the same period of 2008, about 30% less taxes and fees were collected, and respectively in the same proportion the amount of value added tax was modified. The decrease in imports has largely led to a decrease in the value added tax levied at customs.

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