WHO BENEFITS FROM THE VAT CASH ACCOUNTING SYSTEM IN ROMANIA AS OF JANUARY 1, 2013?

Abstract

In the context of the legislative changes at the end of 2012 regarding the value added tax, changes that cameinto force on January 1, 2013, we will critically analyze the extent in which the new imposed system follows the VATtaxation principles and who will benefit from this system. In this case, it is the VAT cash accounting system which,under certain legally well-defined conditions, relate the VAT chargeability to the collection of value of the invoicedgoods and services no later than 90 calendar days and VAT deduction is subject to the payment of the goods andservices invoiced without specifying any deadline.

Keywords

• single tax group
• chargeability
• VAT
• VAT cash accounting system
• VAT deduction
• VAT