Finance Minister Tanczos Barna met Hungarian Foreign Minister

Romania aims to learn from Hungary how to better collect VAT revenues, Finance Minister Tanczos Barna said at the end of a meeting in Bucharest with Hungarian Foreign Minister Peter Szijjarto.

In a post on a social network, the Romanian finance minister points out that although Hungary has a higher VAT rate, it has one of the best collection rates in the European Union.

According to Tanczos Barna, further digitization of ANAF and the adoption of best practices can help Romania increase collection efficiency and support the budget balance without increasing tax rates this year.

Translated by: Radu Matei