VAT Collection to Collection: Advantages and Disadvantages

Roxana Ispas ()
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Roxana Ispas: University of Craiova, Romania

Annals of the University of Petrosani, Economics, 2012, vol. 12, issue 3, 115-122

Abstract: This paper presents the major changes in the payment system of value added tax (VAT). Through the Government Ordinance no. 15/2012 amending and supplementing Law no. 571/2003 regarding the Fiscal Code, there was introduced, with effect from 01.01.2013, the payment of the value added tax (VAT) on cashing the whole or partial counter value of the supply of goods or provision of services. There are detailed the most important data on the topic, but also information about the risks and benefits resulting from the new legal provisions.

Keywords: delivery of goods; service provisions; taxpayer; VAT; turnover; deductibility (search for similar items in EconPapers)
JEL-codes: E62 F65 H25 H32 (search for similar items in EconPapers)
Date: 2012
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