P.F. X carries out the activity ‘Raising of other animals’, CAEN code 149.
Period audited: 01.01.2020 – 31.12.2022.
The main findings of the tax inspection authorities were:
Regarding value added tax (VAT):
During the month of January 2021, the taxpayer exceeded the VAT exemption ceiling, realizing an annual turnover exceeding the ceiling of EUR 88,500 (approximately RON 380,000), i.e., he received an amount of RON x. According to the legislation, he was obliged to apply for VAT registration within 10 days of reaching or exceeding the threshold. Thus, additional VAT in the amount of x lei was established.
Regarding income tax and social contributions:
During the verified period, the individual realized income from services rendered, income assimilated to self-employment, for which he owes self-employment income tax and mandatory social contributions. As a result, the tax inspection authorities established additional income tax in the amount of x lei, CAS (Social Insurance Contribution) in the amount of x lei and CASS (Social Health Insurance Contribution) in the amount of x lei.
In conclusion, as a result of the checks carried out, additional tax liabilities were established totaling x lei, representing:
- x lei VAT;
- x lei income tax.
Source: ANAF