The steps to fight tax evasion promoted by the Government willnot reduce the size of the informal economy, but will affect thoseeconomic operators that pay their taxes regularly, will generatearrearage in the economy and lead to increased reluctance on thepart of foreign investors when it comes to investing theirresources in Romania, say most tax consultants working with majorcompanies in the field.
The main problem is that the authorities are focusing only on howto collect more money to the state budget, instead of pursuingcreation of a viable taxation system, consultants say.
The changes made by the Emergency Ordinance recently endorsed bythe Government will affect first of all the companies conductingexport-import operations to and from the European Union, whichshould register in a new database - "Intra-community OperatorsRegistry" within ten days, as their VAT numbers will no longer bevalid for such operations starting July 1.
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