Order approving the model and content of the form (300) "Value added tax return"

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EY Romania

13 May 2021
Subject Tax Alert
Jurisdictions Romania

On 4 May in the Official Gazette was published the Order no. 632/ 2021 on the approval of the model and content of the form (300) “Value added tax return”.

The new model of the form 300 regarding the value added tax return are used starting with the declaration of the fiscal obligations corresponding to June 2021.

Amendments made by form 300

1.  Law no. 296/ 2020 amended the provisions of art. 303 paragraphs (4) and (5) of Law no. 227/ 2015 regarding the Fiscal Code. The changes refer to the adjustments that taxable persons registered for VAT purposes should make through the tax return. Order no. 632 amends accordingly the model of form 300 by updating it depending on the above provisions.

Thus, in the VAT return, line 40, section “Adjustments according to art. 303 of the Fiscal Code”, has been renamed and includes the following amendments:

  • The “cumulated payable VAT” will also include the payable VAT imposed by the tax authorities, not only by the tax inspection bodies, by decisions communicated until the VAT return submission date, if the differences are not paid by that time.
  • The VAT amounts that are not outstanding according to art. 157 para. (2) of the Fiscal Procedure Code, with subsequent amendments and completions, or according to other laws, are not to be included.

2. For a VAT group, only the consolidated tax return submitted by the group representative stands for the debt instrument. The individual VAT returns of the group members are submitted for informational purposes only.

In the event that the tax group representative fulfills the obligation to file the consolidated VAT return, for the tax group set up pursuant to Article 269 (9) of the Fiscal Code, the appropriate box shall be ticked.

The box shall not be ticked if the tax group representative has submitted the VAT return for his own activity.

For more details please consult the Official Gazette no. 464 of 4 May 2021.

The EY team is available for further details on the above.

 

Prepared by:

  • Bogdan Papava ― Manager, Indirect Tax
  • Ecaterina Boca ― Senior Consultant, Knowledge Management Department

For additional information, please contact:

  • Alex Milcev ― Tax & Law Leader Romania
  • Georgiana Iancu, Partner ― Leader of the Indirect Tax Department