Taxes in Europe Database v2
Law No. 222/2004, as lastamended by Law No. 218/2014.
Taxpayers are person who independently perform economic activities irrespective of the legal status of such persons - manufacture, trade, services provision including minery, construction and agriculture activities etc.
For the purposes of VAT, taxpayers are required to register, if their turnover exceeds EUR 49,790 within the period of not more than 12 preceding consecutive calendar months.
Exports, Postal services, Health care, Social assistance services, Training and Educational Services, Cultural services, Services Linked to Sport or Physical Education, Fund Raising, Insurance services, Services of Public Television and Radio Bodies, Supply and Leasing of Immovable Property, Financial services, Operation of Lotteries and Other Similar Games, Sale of Stamped Stationery and Fiscal Stamps.
Reduced rate has been in force since January 1st, 2007. It is levied on medicines, selected medical goods (e.g. crutch, bandage, wheelchair etc.) and on books since January 1st 2008.
The tax period for VAT purposes can be either month or quarter, depending on taxpayer's previous turnover. If the turnover was lower than EUR 100,000 in previous 12 months, the tax period is quarter. Registered taxpayers are required to submit the tax return by the 25th day following the end of each tax period. The tax must be paid in by the same day unless his input tax exceeds the output tax. Excess credit is deductible from VAT due in taxpayer's next tax period. If the taxpayer cannot deduct the excess credit from its own tax liability in the following taxation period, the tax office will return it (or its non-deducted part) no later than 30 days after submitting the tax return. The tax office shall return excess credit within 30 days of the expiration of the time limit for the filing of a tax return for the taxation period in which the excess deduction was created, if the taxpayer fulfils certain conditions.