Provisions regarding the application of the VAT collection systemKreston Romania
In the content of the order, the phrase “ceiling of RON 2.250.000” was modified with reference to “the ceiling provided in art. 282 of the Tax Code” respectively RON 4,500,000.
The taxable person who chooses to apply the VAT collection system starting with the date of registration for VAT purposes must submit together with the registration / mentions declaration requesting the registration for VAT purposes and the notification (form 097) showing the option for the application of the system starting with the date of registration for VAT purposes.
The deadline for submitting the 097 declaration is modified, the new procedure being until the 20th of the month prior to the beginning of the fiscal period from which the VAT collection system will be applied. Taxable persons apply the VAT collection system starting with the first day of the respective fiscal period.
The option regarding the possibility of applying the VAT collection system is modified, either starting with the registration date for VAT purposes, or later during the year.
Changes have been made in the way of completing the 700 declaration for the taxable persons who notify the fiscal body that they choose to apply the VAT collection system for different situations.