The adjustment of VAT in case of capital goods – the rules entered into force
as of 1st of January, 2017, and their neutrality Cover Image
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Ajustarea TVA‑ului deductibil în cazul bunurilor de capital – regulile introduse de la 1 ianuarie 2017 și neutralitatea lor
The adjustment of VAT in case of capital goods – the rules entered into force as of 1st of January, 2017, and their neutrality

Author(s): Sorin Biban
Subject(s): Court case
Published by: Editura Solomon
Keywords: adjustment of VAT; capital goods; taxable persons;

Summary/Abstract: The rules regarding the adjustment of VAT in the case of capital goods (Article 305 of the Tax Code) have been changed as of January 1st 2017, following the EU Pilot 8399/16/TAXU file whereby Romania was notified that it does not transposed correctly the provisions of Article 187 of Directive 2006/112/EC on the common system of VAT (the VAT Directive). The new rules have been implemented without transitional measures, which may lead to problems regarding their neutrality, where the adjustment would be made in the favor of taxable persons.

  • Issue Year: 2019
  • Issue No: 4
  • Page Range: 278-280
  • Page Count: 3
  • Language: Romanian