COMPENSATIONS BETWEEN TAXPAYER’S DUTIES AND VALUE ADDED TAX TO BE RECOVERED

Entities registered as legal entities become taxpayers. Economic operators become payers or non-payers of value added tax (V.A.T.) depending on the turnover volume. Entities registered for V.A.T. purposes may request a refund of the amounts through the V.A.T. Return if the amount of 5,000 lei is exc...

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Bibliographic Details
Published inAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie no. 5; pp. 206 - 213
Main Authors SORIN-CONSTANTIN DEACONU, SORIN-CIPRIAN TEIUȘAN
Format Journal Article
LanguageEnglish
Published Academica Brâncuşi 01.10.2021
Subjects
contributions
summary sheet
v.a.t. refund
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Summary:Entities registered as legal entities become taxpayers. Economic operators become payers or non-payers of value added tax (V.A.T.) depending on the turnover volume. Entities registered for V.A.T. purposes may request a refund of the amounts through the V.A.T. Return if the amount of 5,000 lei is exceeded. In this way, there are several scenarios regarding the compensations made by the tax authorities. The professional accountant must constantly monitor the concordance between the amounts in the summary sheet and the values in the trial balance
ISSN:1844-7007