VAT Accounting for Goods Intra community Aquisition and Delivery as well as for Other Operations

Author:university professor, PhD. Maria MANOLESCU



Keywords:intra community deliver, intra-community acquisition, import, export, VAT generator, VAT exemption, self invoice, VAT discount, inverse taxation

The current article intends to point out the VAT accounting treatments, in correlation with the Taxation Code provisions, for the main operations developed by an economic entity, namely the intra-community delivery of goods, goods exports, goods delivery within the country, using their own contracts for promotional purposes, protocol, sponsorships and trusteeships etc, intra-community acquisition of goods and imports. \r\n\r\nThe intra-community delivery of goods is registered in the accounting records for the two main purposes related to VAT, namely the delivery to clients taxable persons with a valid VAT code in the destination country and the accompanying delivery documents, respectively the delivery to non taxable persons, not registered for VAT purposes in the other member state. \r\n\r\nAlso, the intra-community acquisition of goods is reflected both from how are recorded in the accounting records, but also for VAT purposes. \r\n\r\nThe examples given for the imports of goods from third countries, exports, goods used for their own purposes are presented and recorded in the accounting records in correlation with the provisions of the Taxation Code and other regulations to date issued in order to support its application. \r\n\r\nAlso, we considered as being relevant to be presented to the readers how the self generated invoices (as case may be) and the VAT discount are reflected in the accounting records.