indirect taxation
in romania - 02
Taxation base for import
The taxation base for an import of goods is the customs value of the respective
goods, determined according to the customs legislation in force, to which are
added customs fees, customs commissions, excises and other import fees exclusive
of the VAT.
The taxation base should include ancillary expenses, such as commissions, packaging,
transport and insurance costs that are incurred up to the first place of destination
of the goods in Romania, to the extent that such expenses are not otherwise included
in the base of taxation. The exports or other similar operations and international
transport are exempted from the VAT payment.
Regime of deductions
The right of deduction arises at the moment when the deductible VAT becomes chargeable.
If the acquired goods and services are intended for use for one’s taxable
operations, any taxable person registered as a VAT payer has the right to deduct:
- the VAT due or paid related to goods delivered or to be delivered and for services
supplied or to be supplied by another taxable person; and
- the VAT paid for imported goods.
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