VAT in what direction? New approaches concerning the VAT

Abstract

It is known that, since its introduction, the VAT is the tax with the greatest contribution to the state budget of Romania, of about 46%, according to the budgetary estimations for the year 2017. Despite this fact, our country is confronting with the highest VAT gap from EU, collecting only 70% of what it should cash. In this context, it is very important to urgently adopt some administrative and fiscal measures for the reduction of the tax evasion in the VAT field, as well as measures for the improvement of the VAT collection degree: electronic invoicing, introducing the electronic cash registers, VAT Split, reverse charge.

Keywords

• VAT
• VAT gap
• tax evasion
• collection degree
• VAT Split
• reverse charge