Romanian Prime Minister Calin Tariceanu announced on Monday that a scheme allowing firms to reschedule their tax debts will be abandoned in favour of a new, tougher compliance regime aimed at increasing the amount of tax revenues collected by the government.
"The practice of rescheduling debts has been an unfortunate one," Tariceanu told a meeting of tax inspectors, according to Reuters.
"To avoid discrimination and discourage corruption, we are getting ready to cancel this system," he added.
In its place will be a system where strict targets will be set for tax collections, and Finance Minister Ionut Popescu has indicated that tax inspectors will be dismissed if these targets are not met.
According to reports, the government has already begun to seize the assets and freeze the bank accounts of delinquent taxpayers in an bid to recoup $4.5 billion in tax debts.
The tougher compliance regime is being seen as an attempt by the government to shore up its revenue base after the controversial introduction of a 16% flat rate of income tax at the start of the year.
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