The Consequences for the Romanian State Budget Generated Through the Inappropriate Interpretation/ Evading of the Civil and Tax Legislation in Relation to the Sale of Second-Hand Vehicles

The Consequences for the Romanian State Budget Generated Through the Inappropriate Interpretation/ Evading of the Civil and Tax Legislation in Relation to the Sale of Second-Hand Vehicles

Vehicles that are deemed as second-hand can benefit from a special VAT regime that allows the tax to be applied only to the profit margin in the case of resale of second-hand goods. As a consequence, VAT does not apply to the acquisition value. One of these situations is when an individual sells a s...

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Bibliographic Details
Main Author: Gabriel GOICEA
Format: Article
Language:English
Published: The Body of Expert and Licensed Accountants of Romania 2021-04-01
Series:CECCAR Business Review
Subjects:
second-hand vehicles
business
consumer
vat
special taxation regime
Online Access: https://www.ceccarbusinessreview.ro/the-consequences-for-the-romanian-state-budget-generated-through-the-inappropriate-interpretation-evading-of-the-civil-and-tax-legislation-in-relatio-a112d/download-PDF/

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