Fiscal inspection findings at a company whose object of activity is “Manufacturing rolling stock”

SC X S.A. has as its object of activity “Manufacturing rolling stock”, CAEN code 3020.

Checked period: 01.01.2016-31.08.2021.

The main findings of the tax inspection authorities were:

From the verification carried out for the period 01.01.2016-31.05.2021 on the way of exercising the right to deduct VAT, the fiscal inspection authorities  established the following: VAT collected related to the repair and overhaul operations of freight wagons received in non-transfer that were not returned to the owner, in the amount of x lei;

– VAT collected related to scrapping operations of wagons received in non-transfer, sale of scrap metal in Romania, in the amount of x lei;

Collected VAT related to some receivables, regularized with a minus in the VAT Statement, in the amount of x lei;

– VAT collected for goods provided free of charge assimilated to deliveries, in the amount of x lei. 

In conclusion, following the verification carried out, additional VAT was established in the total amount of x lei.

Source: ANAF