Theoretical and Practical Considerations about Reversed Tax

Nicolae Ecobici

Annals of the University of Petrosani, Economics, 2006, vol. 6, 77-82

Abstract: From 1st january 2005 the fiscal code inserted a simplifying measures about collecting the tax of added value for lands, buildings, waste products, woods and animals trade. The achievement way consist in enroling on the invoice the words „reversed tax”, both of the trade parteners continueing to cash the debts without the relevant tax of added value. Even the method is simple the results is remarkable in tax managing and collecting and more.

Keywords: Reversed tax: a method of simplifying the collecting and managing of the tax of added value; Tax of added value (TVA): a neutral duty on every commercial agreements and transactions; Invoice: a legal document who justify the transactions between thetrade arteners; Autoliquidate of the tax of added value: a process caused by the reversed tax method and meaning that both of the traders will cash the debts without the relevant tax of added value; Pro ratio of TVA: a percentage of the tax of added value which will be deducted from the TVA relevant for the inputs when the outputs are not only taxable in a proportional mode. (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.upet.ro/annals/pdf/Annals-2006.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:6:y:2006:p:77-82

Access Statistics for this article

More articles in Annals of the University of Petrosani, Economics from University of Petrosani, Romania
Bibliographic data for series maintained by Imola Driga ().