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Daily Tax Report: International
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March 12, 2024, 5:14 PM GMT-1


OECD SAYS REFORMS, DIGITALIZING COULD BOOST ROMANIAN TAX REVENUE

By Michael Rapoport

Michael Rapoport
Senior Reporter, Bloomberg Tax


Romania needs to raise more tax revenue more efficiently, and should consider a
variety of reforms to help it do so, including modernizing its tax
administration and shifting more goods and services onto the country’s standard
value-added tax, the OECD said Tuesday.

Romania’s tax revenues are low by international standards, undercut by tax
evasion, and the country needs higher taxes to fund emerging spending priorities
while keeping public debt manageable, the Organization for Economic Cooperation
and Development said in its 2024 economic survey of the country.

 * Digitizing Romania’s tax administration would reduce evasion and improve
   collections, the organization said. ...


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