Caracterul european al Taxei pe Valoare Adaugata
The European Character of the Value Added Tax

Summary/Abstract: Value added tax is clearly an European element in our tax law. Romania's accession to U.E. required substantial changes to the national tax legislation in order to harmonize it with European regulations in this area. Many existing regulations have required a real „facelift”. The national Parliament introduced new regulations to support the development and harmonization of national legislation V.A.T. because existing legislation had more the character of a national legislation. V.A.T. is the main indirect tax in most states that regulate it. It is an important element of fiscal policy, with a key role in supporting structural reforms designed to lead to an actual and optimal functioning of a market economy. V.A.T., as part of its overall policy to taxes, is used to move the tax burden from producer to consumer; from this point of view, theis tax is an incentive for fiscal policy of a state. Deductibility of V.A.T. confers this duty modernity, by stimulating investment. Over time, we noticed in Romania too much inconsistency in setting V.A.T., many legislative changes in this field, issues that have only weaken public confidence in the V.A.T.

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