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Commentary

VAT adjustment for acquisitions of services and goods other than capital goods (Romania)


41 Romania

Romanian VAT legislation provides for the adjustment of input VAT related to capital goods under certain circumstances. Capital goods are defined as all tangible fixed assets whose normal service life is equal to or longer than five years, as well as construction, transformation or modernisation operations related to real estate.

The VAT adjustment for such goods is made where:

  1. Ìý

    •ÌýÌýÌýÌý the capital good is used by the taxable person:

  2. Ìý
    1. Ìý

      –ÌýÌýÌýÌý for purposes other than business activities;

    2. Ìý

      –ÌýÌýÌýÌý to perform operations without deductibility of VAT or with deductibility of VAT but distinctly from the initial deductible scheme;

  3. Ìý

    •ÌýÌýÌýÌý changes

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