Registration for VAT purposes:

Circular No. 1965 of July 24, 2015 supplemented the previous document issued by the President of the ANAF (National Agency of Financial Administration) on the template for applying for VAT registration of new companies.

The new form is aimed at verifying the applicant company’s ability to conduct economic activity. We specify that the introduction of this document is from February 2015, and this news is about the recent update that came into effect in August 2015.

The changes relate to partners and directors (gross income in the past 12 months, whether they have similar qualifications in other companies with tax debts, the studies carried out), the hiring of employees , whether applications for VAT registration have already been filed.

The new practice also provides for the enhancement of business plans of start-ups for the purpose of obtaining registration.

Recall that non-registration, even voluntary, does not solve the problem since when the exemption ceiling is exceeded, the procedure becomes mandatory.

We remain available for clarification.