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Taxation And Accounting Aspects Regarding Vat Cancellation To Entities With Vat Code Canceled

Author

Listed:
  • CIUMAG MARIN

    (TITU MAIORESCU UNIVERSITY BUCHAREST)

  • CIUMAG ANCA

    (NATIONAL AGENCY FOR FISCAL ADMINISTRATION BUCHAREST)

Abstract

Economic entities may register, for VAT purposes, before or after the start of economic activity. In practice, for taxable persons registered for VAT purposes, situations may arise that lead to the cancellation of the VAT code. These taxpayers may be re-registered as value added tax payers if they meet certain conditions. That is why we have presented the fiscal and accounting effects regarding the cancellation of the VAT code, on the date of cancellation, in the period in which the code is canceled as well as from the date of re-registration for VAT purposes. The case studies present the situation of a taxpayer, supplier, in the three periods, but also the effects on the taxpayer-client of the person who has the VAT code canceled and subsequently regained it.

Suggested Citation

  • Ciumag Marin & Ciumag Anca, 2022. "Taxation And Accounting Aspects Regarding Vat Cancellation To Entities With Vat Code Canceled," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 117-126, February.
    • Handle: RePEc:cbu:jrnlec:y:2022:v:1:p:117-126
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    References listed on IDEAS

    as
    1. Ecobici Nicolae, 2017. "Accounting And Fiscal Implications Regarding The Vat Code Withdrawal Caused By Inactivity," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 83-88, December.
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