P.F. X
Period audited: 01.01.2018 – 31.03.2024.
Main results of the tax inspection authorities :
Following the verification of the supporting documents (invoices, receipts, bank statements) provided by the taxpayer, the tax inspection team found that P.F. X realized income from self-employment activities, i.e. from forestry activities (transactions with timber) in the period 01.01.2018 – 31.03.2024.
The taxable person carried out an economic activity for the purpose of obtaining income with the character of continuity, due to the number, value and repeatability over time of these transactions of a commercial nature, falling within the provisions of Art. 269, paras. (1) and (2) of Law no. 227/2015 on the Tax Code, as subsequently amended and supplemented, realizing at the end of December 2019 a turnover of x lei.
Therefore, it exceeded during 2019 the VAT exemption limit , as regulated by art. 310 para. (1) of Law no. 227/2015 on the Tax Code, as subsequently amended and supplemented.
Given that the limit provided for by the special exemption regime was exceeded, the taxpayer had the obligation, within 10 days from the end of the month, to apply for registration for value added tax purposes, in accordance with the provisions of Article 316, paragraph. (1), letter b) of Law no. 227/2015 on the Tax Code, as amended and supplemented, in force in 2019. The taxpayer had the obligation to register for VAT purposes in January 2020, as it exceeded the exemption threshold in December 2019, becoming a VAT payer as of 01.02.2020.
The verified taxpayer did not register as a VAT payer within the deadlines stipulated by the legislation in force, thus the tax inspection authorities established additional VAT in the amount of x lei.
Source: ANAF