THEORETICAL AND PRACTICAL ASPECTS REGARDING THE POSITIVE AND NEGATIVE VAT ADJUSTMENT

Abstract

Value added tax is an indirect tax on supplies of goods, services and similar activities, generated by economic activities and paid for by taxable persons, regardless of their legal status, in an independent manner, which are three conditions, which must be fulfilled cumulatively. At the end of the period (month, quarter) taxable persons determine the value added tax payable, if the value added tax collected is higher than the deductible value added tax, or the value added tax to be recovered, if the deductible value added tax is higher higher than the value added tax collected. The deductible value added tax can also be influenced by any adjustments that can be positive, ie deductible amounts set in addition, or negative, ie deductible amounts set in minus. The adjustment may relate to capital goods or purchases of services or goods other than capital goods. There are also other possibilities for adjusting the deductible VAT, which will be presented in this paper.

Keywords

• vat adjustment
• right to deducte
• capital goods