Tax Administration Agency digitalization, only solution to beef up budget revenues (Deloitte)

 

"Given that this year's tax increase is out of the question and the facilities granted by the state are clearly defined, ANAF digitalization remains the only solution for increasing revenues to the state budget. The business environment is ready, and the moment is favoured by the digital transformations that have taken place throughout society, against the background of the pandemic. All that remains is for the state institutions to take the necessary steps for the development of the internal infrastructure for this purpose, now having the chance to obtain additional funding from the European Union for such projects," Boeriu states in a material sent to AGERPRES on Wednesday.

 

According to the source, the digitalization of the tax administration is a challenge also for the business environment, given the costs involved in adapting to the new systems for declaring tax obligations, but the estimated long-term benefits, in particular the increase in budgetary revenues as a result of reducing tax evasion, compensate for the necessary short-term effort.

 

Out of the most recent edition of the Deloitte CFO Survey Romania, achieved among the financial directors in our country, it appears that the share of those who expect an increase in taxes this year is reduced (14 pct in the case of income tax and 16 pct in the case of VAT), but there are concerns about the difficult budgetary situation and the measures that could be taken to remedy it.

 

"The increasing budgetary constraints, amplified in the last year by the situation created by the COVID-19 pandemic, make the authorities pay more attention to the relationship with taxpayers, the main source of financing of the state budget," the quoted material points out.