Conclusions of the tax inspection carried out on a company with the activity “Wholesale of fuel oil, liquid and gaseous fuels and derived products” (CAEN 4671), for the period 01.01.2021-30.11.2022 (VAT) and 01.07.2020-31.12.2021 (corporate income tax).
By conclusions of the tax inspection authorities , were:
The tax inspection authorities found that the audited company did not correctly calculate the purchase cost for the fuel (diesel) purchased from the EU, not including in the purchase cost nor in the sales price all cost elements of both the goods, comprising only the purchase value of the goods, without including other cost elements such as: its transport, excise duty and brokerage commission.
This led to discrepancies between the economic nature and legal form of the operations, no revenue was obtained and recorded throughout the marketing chain and VAT was not collected on the entire purchase value, which should also be the sales value, as these were cost elements and had to be recovered in the sales price of the goods, thus additional VAT of x lei was established.
The tax inspection authorities also calculated the additional VAT collected in the amount of x lei on goods from Romania which had been sent within the Community to S.C. X of Member State X, a company which has not had a valid VAT code since 01.01.2021.