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Notice on the application of VAT during collection

The Official Gazette of Romania, Part I, no.707 of 16 October 2012 has published the Order of the President of the National Agency for Fiscal Administration no. 1529/2012 on the approval of the form (097) regarding the “Notification of the application/stop of application of the VAT sistem on collection”.

The enactment approves form (097) regarding the “Notification of the application/stop of the application the VAT sistem on collection”.

The form is completed by taxable persons registered for VAT purposes, which are required to notify the tax authorities on the application of VAT when collecting or the expiry of this sistem, as required by the Tax Code.

In order to implement the VAT system, form (097) may not be submitted by:

– taxable persons who are registered for VAT purposes begining with the 1st of January; these persons shall be registered at the fiscal office, the register of taxable persons applying VAT collection with the begining date of the registration;

– taxable persons whose last year turnover, during 1 October 2011 – 30 September 2012, exceeds the threshold of 2.250.000 RON;

– taxable persons that have applied the VAT collection system in the last year and continue to do so because the turnout has not exceeded the threshold of 2.250.000 RON;

Form (097) regarding the “Notification of the application/stop of application the VAT sistem on collection” is submitted to the tax authority at the time provided by the law:

1. in order to enter the system:

– until and on the 25th of October 2012- taxable persons whose last year turnout during 1 October 2011 – 30 September 2012  does not exceed the threshold of 2.250.000 RON;

– until and on the 25th of January 2013 – taxable persons that register for VAT purposes during 1 October 2011 – 31 December 2012 and whose last year turnout does not exceed the threshold of 2.250.000 RON in the period of time they have been recorded for VAT purposes according to art. 153 of the Tax Code;

– until and on the 25th of January- taxable persons whose last year turnout does not exceed 2.250.000 RON;

2. in order to exit the system:

– until and on the 25th of the month following the tax period in which the taxpayer has exceeded the threshold

>> The source: JURIDICE.ro

Diana STOICA

 

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