Events and troubles along with the accession to the European Union; accounting information regarding the intra-community VAT
Supp/2007 , p 607..614
Author(s):
Nicoleta FARCANE
Leonora CACIUC
Ovidiu MEGAN
Keywords:
Taxation, VAT, European Union, community transactions
Abstract:
Along with the Romanian accession to the European Union, the regulations regarding the value added tax changed. These new regulations regarding VAT, with a simplifying role, are necessary for the intra – community transactions. The place of the delivery is considered to be the place where the goods are at the moment the transportation begins. In the case of an intra-community acquisition of goods, the place of the operation is considered to be the place where the acquisition ends. Thereby, two new operations which are included in the applications sphere of the tax have been implemented – intra-community delivery of goods, and intra-community acquisition of goods. Also, new aspects related to the booking of the VAT are interfering according to the assessment of the place where the services are performed. Nowadays, these changes are a challenge for the professional accountant, who is put in the difficult position to think hard before booking an entry, and this is the main reason for the analysis of the powerful impact of these changes and the reaction to these changes.
Download:
Back
|
|