ZF English

Top counties by VAT revenues

19.08.2010, 23:58 18

The budget collects most money from VAT in Bucharest, whileCalarasi and Teleorman counties transfer the lowest amount ofmoney, reveal first-half Finance Ministry data.

The major taxpayers transferred 7.7 billion RON to the budget inthe first six months, mostly from Bucharest, which account for netVAT revenues, reveal the data sent by the National FiscalAdministration Agency at the request of ZF.
The amount accounts for almost half of the total VAT revenues ofthe general consolidated budget, which totalled 16.4 billion RON inthe first half.

The major taxpayer category includes about 2,000 companies, withover 70 million RON (16.5 million euros) in turnover.

VAT is the main source of revenue of the state budget and thesecond most important resource of the consolidated budget aftersocial contributions.

In a bid to find additional resources for the budget, theFinance Ministry raised the VAT by 5% to 24% this year, expectingto get 1.4 billion RON more than before.

The city of Bucharest came out second in the VAT revenueranking, with 3.1 billion RON. Third among the top ten counties interms of VAT revenues is Constanta, with 826.8 million RON,followed by Ilfov with 604.5 million RON.

At the bottom of the net VAT revenue ranking are Caras-Severin(16.4 million RON), Teleorman (13.6 million RON) and Calarasi (-2.2million RON).

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