IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2021v1p271-276.html
   My bibliography  Save this article

Theoretical And Practical Aspects Regarding The Positive And Negative Vat Adjustment

Author

Listed:
  • CIUMAG MARIN

    (TITU MAIORESCU UNIVERSITY, BUCHAREST)

  • CIUMAG ANCA

    (NATIONAL AGENCY FOR FISCAL ADMINISTRATION, BUCHAREST)

Abstract

Value added tax is an indirect tax on supplies of goods, services and similar activities, generated by economic activities and paid for by taxable persons, regardless of their legal status, in an independent manner, which are three conditions, which must be fulfilled cumulatively. At the end of the period (month, quarter) taxable persons determine the value added tax payable, if the value added tax collected is higher than the deductible value added tax, or the value added tax to be recovered, if the deductible value added tax is higher higher than the value added tax collected. The deductible value added tax can also be influenced by any adjustments that can be positive, ie deductible amounts set in addition, or negative, ie deductible amounts set in minus. The adjustment may relate to capital goods or purchases of services or goods other than capital goods. There are also other possibilities for adjusting the deductible VAT, which will be presented in this paper.

Suggested Citation

  • Ciumag Marin & Ciumag Anca, 2021. "Theoretical And Practical Aspects Regarding The Positive And Negative Vat Adjustment," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 271-276, February.
    • Handle: RePEc:cbu:jrnlec:y:2021:v:1:p:271-276
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2021-01/39_Ciumag2.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2021:v:1:p:271-276. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.