Why is it important to verify turnover as of 12\/31\/2018? 4 reasons make it important to verify turnover (total revenue billed as of the end of 2018). <\/p>\n
1) Shifting from the tax on tax profit (ordinary regime) to the micro-enterprise regime. Regarding this first point, the following conditions can be verified: <\/strong><\/p>\n – If the taxpayer was a micro-enterprise as of 12\/31\/18 and had less than \u20ac1,000,000 in turnover –> remains micro-enterprise in 2019;<\/strong><\/p>\n – if the taxpayer was subject to profit tax as of 12\/31\/18 and had less than 1,000,000 euros in turnover –> becomes a micro-enterprise in 2019;<\/strong><\/p>\n – if the taxpayer was subject to profit tax as of 12\/31\/18 and made more than 1,000,000 euros in turnover –> remains subject to profit tax in 2019.<\/strong><\/p>\n 2) Change from VAT exemption regime to VAT deduction-payment regime (ordinary)<\/strong><\/p>\n The ceiling related to the turnover above which the taxpayer’s VAT registration is mandatory remained set at 300,000 lei<\/strong>. Of course, it is also possible to opt for registration and activation of the ordinary VAT system. <\/strong><\/b><\/p>\n 3) Change from quarterly to monthly VAT periodicity and vice versa.<\/strong><\/p>\n In this case, the reference ceiling is in of 100,000 euros<\/b>; if during the year the quarterly taxpayer exceeds the 100,000 euros<\/b> turnover threshold, he is obliged with effect from January 1 of the following year to declare and settle the tax on a monthly basis.<\/p>\n To the same extent, if a monthly taxpayer has not exceeded the turnover of 100,000 euros<\/b> by the end of the year, he or she is obliged to declare and settle the tax on a quarterly basis as of January 1.<\/p>\n It is important to pay attention that in case of intra-EU purchase of goods, the periodicity becomes monthly from the following month of the purchase. So it is important to report such purchase. <\/p>\n 4) Transition to VAT settlement under the “cash-in” system<\/strong><\/p>\n The taxpayer may optionally apply the system upon collection for tax settlement. This system is compulsorily replaced as of January 1 of the year after the turnover (revenue) of 2,250,000 lei<\/strong> is exceeded. <\/p>\n All these reasons require constant verification of the turnover recorded during the year (for the 1st reason) or at the end of the fiscal year.<\/p>\n 5) Intrastat Thresholds 2019<\/b><\/p>\n Starting January 1, 2019, the thresholds are set at 900,000 lei<\/b> for intra-EU purchases of goods and 900,000 lei<\/b> for intra-EU supplies of goods.<\/p>\n It is important to remember that during 2019 you can become an Intrastat declarant if in the first months of 2019<\/b> the total value of purchases and supplies of goods exceeds the threshold set by law.<\/p>\n","protected":false},"excerpt":{"rendered":" Why is it important to verify turnover as of 12\/31\/2018? 4 reasons make it important to verify turnover (total revenue billed as of the end of 2018). <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-4089","post","type-post","status-publish","format-standard","hentry","category-obligations"],"yoast_head":"\n