Romania is the country with the largest VAT gap in the EU

Romania, the country with the largest VAT gap in the EU, which was 35.5% in 2017, is looking to introduce tax controls in the shape of Standard Audit File for Tax (SAF-T) requirements. This will provide the Romanian National Agency for Fiscal Administration (ANAF) greater visibility of a wide range of business accounting. ANAF already announced a project to include the implementation of SAF-T, but after several delays, it is to be expected to conclude in July 2021.