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Tax alert 6 – Registration for VAT purposes

In this issue:

Order no. 167/2019

Order no. 167/2019 for the modification and completion of NATA’s President Order no. 2856/2018, regarding the determination of the criteria for the assessment of the tax risk in case of registration for VAT purposes according to art. 316, paragraph 1, letter c), as well as for the approval of the procedure for assessing the tax risk for taxable persons who request the registration for VAT purposes or are ex officio extinguished

 

In the Official Gazette no. 80 of 31 January 2019 was published the Order no. 167/2019 for the modification and completion of NAFA’s President Order no. 2856/2018, regarding the determination of the criteria for the assessment of the tax risk in case of registration for VAT purposes according to art. 316, paragraph 1, letter c), as well as for the approval of the procedure for assessing the tax risk for taxable persons who request registration for VAT purposes or are ex officio extinguished.

Below, you can find the summary of the main provisions:

The template and content of the Statement on your own responsibility for VAT registration is approved. In this respect, the Statement will contain, among others, the following:

 

-   identification data of the taxable person;

-   information about the taxpayer's administrators / associates;

-   the registered office of the taxable person;

-   details of outstanding tax obligations;

-   information about the person who will keep the taxable person's accounting records;

-   details regarding the bank accounts.

 

The Statement on own responsibility is completed / signed and transmitted by electronic means to the competent tax authorities.

Following the analysis of the Statement, the fiscal risk of the taxable person is assessed. The taxable persons who do not have a high fiscal risk are registered for VAT purposes on the same day as the application.

The tax authorities inform the General Anti-Fraud Directorate if, as a result of the verification, there are any inconsistencies between the information transmitted by the taxable person and the information already available on its records.

 

For more information, do not hesitate to contact us.

 

Prepared by:

Cristina Galin - Senior Manager, Indirect Tax

 

For additional information, please contact:

Alex Milcev, Partner - Head of Tax&Legal

 

Ernst & Young SRL

Bucharest Tower Center Building,

22nd Floor, 15-17 Ion Mihalache Blvd.,

Sector 1, 011171, Bucharest, România

Tel: (40-21) 402 4000, Fax: (40-21) 310 7124

Email: office@ro.ey.com

 

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