The obligations of VAT payers regarding the ‘reverse taxation’ and the tax adjustment for fixed assets
Mihai Antonescu and
Authors registered in the RePEc Author Service: Mihail Antonescu ()
MPRA Paper from University Library of Munich, Germany
In accordance with the provisions of Title VI regarding VAT from the Fiscal Code, the suppliers and the beneficiaries of certain goods delivery or services registered with VAT aims, are obliged to apply simplification measures also called “reverse taxation”. The supplier is obliged to write on the issued invoices the mention “reverse taxation” without registering the afferent tax, and the beneficiary will write down the afferent tax and will emphasize it in tax deduction not only as a collected tax but also as a tax deductible, without paying the tax to the supplier. For tax-exempted operations regarding the lease, the granting or the renting of fixed assets, as well as the construction delivery by any person, or of some part of it or of the land on which it is built, as well as of any other land, there are applied adjustment measures of the deducted/undeducted tax.
Keywords: tax adjustment; fixed asset; finishing-construction works; persons subject to taxation; “reverse taxation” (search for similar items in EconPapers)
JEL-codes: H2 K34 (search for similar items in EconPapers)
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