Adjustment of Value-Added Tax
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...
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| Format: | Article |
| Language: | English |
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The Body of Expert and Licensed Accountants of Romania
2022-08-01
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| Series: | CECCAR Business Review |
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| Online Access: |
https://www.ceccarbusinessreview.ro/adjustment-of-value-added-tax-a234d/download-PDF/
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| _version_ | 1818495065438289920 |
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| author | Lucian CERNUȘCA |
| author_facet | Lucian CERNUȘCA |
| author_sort | Lucian CERNUȘCA |
| collection | DOAJ |
| description | 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). |
| first_indexed | 2024-12-10T18:15:18Z |
| format | Article |
| id | doaj.art-7233c03cff6149a8aefbe194844024f0 |
| institution | Directory Open Access Journal |
| issn | 2668-8921 |
| language | English |
| last_indexed | 2024-12-10T18:15:18Z |
| publishDate | 2022-08-01 |
| publisher | The Body of Expert and Licensed Accountants of Romania |
| record_format | Article |
| series | CECCAR Business Review |
| spelling | doaj.art-7233c03cff6149a8aefbe194844024f02022-12-22T01:38:21ZengThe Body of Expert and Licensed Accountants of RomaniaCECCAR Business Review2668-89212022-08-0137243410.37945/cbr.2022.07.0326688921Adjustment of Value-Added TaxLucian CERNUȘCA0"Aurel Vlaicu" University of AradThe 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). https://www.ceccarbusinessreview.ro/adjustment-of-value-added-tax-a234d/download-PDF/ vat adjustmentcapital goodsstocks and servicespositive adjustmentnegative adjustmentadjustment period |
| spellingShingle | Lucian CERNUȘCA Adjustment of Value-Added Tax CECCAR Business Review vat adjustment capital goods stocks and services positive adjustment negative adjustment adjustment period |
| title | Adjustment of Value-Added Tax |
| title_full | Adjustment of Value-Added Tax |
| title_fullStr | Adjustment of Value-Added Tax |
| title_full_unstemmed | Adjustment of Value-Added Tax |
| title_short | Adjustment of Value-Added Tax |
| title_sort | adjustment of value added tax |
| topic | vat adjustment capital goods stocks and services positive adjustment negative adjustment adjustment period |
| url |
https://www.ceccarbusinessreview.ro/adjustment-of-value-added-tax-a234d/download-PDF/
|
| work_keys_str_mv | AT luciancernusca adjustmentofvalueaddedtax |