Romania’s Tax Authority – ANAF collected revenues of EUR 4.4 billion in July, up by 7.2% compared to the same month last year.

The VAT revenues increased by 1% to over EUR 1 billion, even if the VAT rate of food went down from 24% to 9% starting June 1.

In the first seven months of the year, ANAF collected total budget revenues of EUR 26.2 billion, up by 8.5% year-on-year and up over EUR 1 billion compared to the estimated revenues in the budget law.

The results were positive, despite several fiscal measures with a negative impact on tax collection, such as the cut in social contributions by 5%, which was enforced in October 2014, according to ANAF.

Romania collects higher budget revenues in first half of the year

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