Adjustment of Value-Added Tax

Abstract

The article highlights the accounting and fiscal regime regarding the adjustment of the value-added tax in the case of capital goods and the purchases of goods and services, other than capital goods. The legal basis regarding VAT adjustment is represented by the provisions of the Fiscal Code and its enforcement rules. The tax adjustment constitutes the exercise of the deduction right in case the taxable person earns the right of deduction in compliance with the legal provisions in force (positive adjustment) or the total or partial cancellation of the initially exercised deduction in case the taxable person loses the right of deduction pursuant to the law (negative adjustment).

Keywords

• vat adjustment
• capital goods
• stocks and services
• positive adjustment
• negative adjustment
• adjustment period