THE OBLIGATION OF INDIVIDUALS TO PAY VAT ON REAL ESTATE TRANSACTIONS

Angelica Roşu and Angelica Chirilă
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Angelica Roşu: “Danubius” University, Galaţi
Angelica Chirilă: “Danubius” University, Galaţi

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 529-534

Abstract: The problem of VAT taxation on buildings sales transactions built by natural persons or belonging to them was not raised by NATA before January 1, 2008 because there was no statutory regulation on the obligation of natural persons carrying out real estate transactions to pay VATS. In 2009, NATA has launched a campaign to control the investors who have developed residential projects as natural persons in the past five years. So the fiscal bodies reinterpret the law texts, so that they can collect revenues from the budget. Theoretically, the interpretation made by ANAF was assessed as being forced and non-legal.

Keywords: VAT; natural persons; real estate; transactions. (search for similar items in EconPapers)
Date: 2011
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