Romania’s anti-fraud division imposed sanctions worth EUR 53 mln on firms

Newsroom 29/05/2014 | 18:00

The anti-fraud division of tax collection agency ANAF has imposed sanctions worth EUR 53 million on companies, after inspecting close to 15,000 firms, according to Ioana Petrescu, the minister of finance.

She said Thursday that the division has found around 14,000 breaches of the law as a result of the inspections. This department has been set up at the end of last year and is tasked with tackling serious tax fraud cases, with tax inspectors working closely with prosecutors on complex investigations.

Petrescu, who outlined today her accomplishments after three months at the helm of the Ministry of Finance, said that ANAF has collected 5.71 percent more in revenues to RON 59.4 billion in the first four months of this year.

“The results are encouraging and the month-on-month evolution in this period shows we are on a good track, which creates the conditions for enforcing the measures designed to stimulate the business environment,” said Petrescu in a statement.

One of these measures is the reduction of social insurance contributions for employers by 5 percentage points, which has to be vetted by the International Monetary Fund.

Ovidiu Posirca

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