In the Official Gazette of Romania, Part I, no. 47 of 21th of January 2014, the Order of the Minister of Public Finance no. 24/2014 was published for the approval of rules regarding the establishment of the procedure and the conditions for authorization to store the value added tax referred to in Art. 144 para. ( 1) . a) section 8 second indent of Law no. 571/2003 regarding the Fiscal Code, as well as for the establishment of the Commission for authorization of tax warehouses on value added tax and the rules of organization and functioning.
The normative act approves:
– Rules regarding the establishment of the procedure and conditions for the authorization of tax warehouse on value added tax in accordance with the provisions of the Fiscal Code;
– The componence of the Commission for authorization of the warehouses value added tax;
– Regulation of organization and functioning of the Commission for authorization of tax warehouses on value added tax.
According to the Fiscal Code, the supply of goods that are to be placed under the warehouse value added tax are exempt from value added tax.
Tax warehouse on value added tax shall be authorized to operate as such by the Ministry of Public Finance, excluding tax warehouse on value for acids products for which the authorization to operate as a tax warehouse is automatically granted for the warehouse operation on value added tax.
The authorization of functioning of the tax warehouse on value added tax shall be issued by the Ministry of Public Finance, through the committee established for this purpose by the Minister of Public Finance.
In order to obtain the authorization, in order for a location to operate as a tax warehouse on value added tax, the person who intends to be an authorized warehouse for that location must submit an application to the competent fiscal authorities with the documents provisioned in the rules.
:: The source: JURIDICE.ro