BASIS FOR THE DECISION TO REMOVE FROM THE RECORDS OF TAXABLE PERSONS REGISTERED FOR VAT IN ROMANIA SINCE 2011
BASIS FOR THE DECISION TO REMOVE FROM THE RECORDS OF TAXABLE PERSONS REGISTERED FOR VAT IN ROMANIA SINCE 2011
Author(s): Nicolae EcobiciSubject(s): Economy
Published by: Editura Eurostampa
Keywords: VAT adjustment; threshold for exemption; accounting; taxation; exemption regime
Summary/Abstract: Since 2011, the persons registered for VAT in Romania finally have the right to apply for special exemption regime. This right is inserted in OUG 117/2010 and is conditioned by obtaining taxable income in the previous year less than the threshold for exemption. In this paper I want to underline both the advantages and disadvantages of such decision, both in terms of taxation and accounting.
Journal: Anale. Seria Ştiinţe Economice. Timişoara
- Issue Year: XVII/2011
- Issue No: 17
- Page Range: 68-73
- Page Count: 6
- Language: English
