Question
SC Muffin SRL , a Romanian company is register for VAT in Romania. During the period, Muffin SRL is involved in the following operations: 1.
SC Muffin SRL, a Romanian company is register for VAT in Romania. During the period, Muffin SRL is involved in the following operations:
1. It sells earrings to SC Jolie LTD (1,000 lei), a company registered for VAT in France. The earrings are delivered by SC Muffin SRL and SC Jolie SRL informs SC Muffin about its VAT number registered in France.
2. It sells some handcrafted jewelleries to a lady leaving in Russia. The jewelleries are delivered by SC Muffin SRL to Russia. Price 500 lei before VAT.
3. It buys beddings from a Bulgarian company. The price before VAT is 20,000 lei. The Romanian VAT code is communicated by SC Muffin SRL to the Bulgarian supplier who transports the goods to Romania.
4. It makes a prepayment of 10,900 lei to an internal supplier for a future purchase of apples. The supplier submits the invoice in the same day.
5. It receives consultancy services from a Italian company registered for VAT in Italy. The price before VAT agreed is 2,000 lei.
6. It buys a vehicle from DACIA SA. Price 60,000 lei before VAT. The car will have a mixt usage
7. It receives 1,000 lei for renting an apartment in Bucharest in the favor of a non-resident private person. The standard treatment applies.
a) For each of the above transactions analyze the transaction and clearly state the input / output VAT that may arise.
b) What is the tax form supposed to be filed by SC Muffin SRL to the Romanian tax authorities? VAT form (D 301) or the special VAT form (D 301)? Why?
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