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Thursday, January 13, 2005
Business in Romania blog
Vice Prime Minister Adriean Videanu yesterday said that all Romanians must declare their assets, while Prime Minister Calin Popescu Tariceanu announced penalities for tax evasion.

Videanu explained that the government is currently analyzing the possibility that every citizen will be forced to make asset statements, to erable these declarations become "monitoring instruments" for the payment of all taxes paid both by companies and individuals.

The confidential asset statements will be handed in to fiscal administration offices to be checked in surveys.

Adriean Videanu said that "asset statements will be made every year, and the fiscal authority will have a comparison basis when a survey evaluation is required'.

He also said that at present, if someone wants to evaluate someone else's assets, it can not be done because there is no reference element.

The modification of the fiscal legislation to treat fiscal evasion as a fiscal crime is also currently being analyzed.

Posted by Iulia Rasoiu : 1/13/2005 10:14:00 am All citizens must prove their assets
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