THE IMPACT OF VAT IN ROMANIA AND THE COMMUNITY AREA

Lucia Morosan-Danila

European Journal of Accounting, Finance & Business, 2022, vol. 10, issue 1, 30-36

Abstract: The article brings to the readers the importance of the value added tax revenues in the realization of the total revenues of the state budget of Romania, carrying out an analysis for the period 2017-2020, resulting a significant percentage of 40% of VAT income from the total tax revenues. We started with the analysis of the impact of the legislative changes regarding the value added tax at national level on the workers in this field and on the economy in general, an impact which is not favorable, because this legislative instability, generates uncertainty and mistrust in the capacity of the legislative bodies to act effectively, organize and operate, in accordance with the expectations of those covered by the respective normative acts. Another aspect addressed in this article is a small, but significant comparison between the VAT rates practiced in the community space and the rates practiced in Romania, after which we can see that in our country there are no abusive VAT rates, but they are among the lowest rates in the European Union. The presentation of a series of advantages and disadvantages of this tax, observed through a personal perspective or determined by its operating system, concludes this article.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:scm:ejafbu:v:10:y:2022:i:1:p:30-36

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