Romania’s PM Calls For Laws To Stop “Ghost” Firms, Share Transfer To Indebted Firms

Romania’s Prime Minister Emil Boc urged ministers to draw up normative acts to regulate this matter.

The request was addressed by Boc Thursday during talks with the inter-ministry committee on fighting tax evasion.

The prime minister urged the members of the committee to draw up normative acts to enforce solutions to do away with tax evasion, „ghost” companies, share transfer to firms that have overdue debts to deceased people, people with disabilities or foreign citizens outside the EU, and exploitation in the case of firms that filed for bankruptcy, the Government said in a press release.

Poeople close to the matter told MEDIAFAX a month ago the Government would implement strict procedures to sanction people who transfer shares to firms that have debts to deceased people, people with disabilities or foreign citizens outside the EU, in order to avoid paying taxes.

The decision to sanction those who do not pay taxes in this way was made back then during a meeting between Boc and National Fiscal Authority (ANAF) president Sorin Blejnar.

Boc and Blejnar also decided to regulate the situation of firms involved in illegal transactions within the EU, firms that buy foodstuff from EU member states without paying VAT.