From May 1 this year, the economic entities can voluntarily register as VAT payers if they intend to sell taxable goods and services. The previous turnover ceiling of 100,000 lei for registration was annulled. The State Tax Service specifies that to be able to register as VAT payers, the economic entities must file an application to the local fiscal office, IPN reports.
The application form can be taken from the fiscal office or can be printed from the website www.fisc.md, in the division: Application Forms. After the presented documents are checked to see if the applicant meets the registration conditions, the company is issued with a certificate showing that it was registered as VAT payer. The obligations of VAT payer start to apply on the first day of the month coming after the month when the application for registration was submitted. The documents are examined and the certificate of VAT payer is issued within 14 calendar days of the submission of the application.
The VAT payers are obliged to present fiscal statements only in electronic format and thus the company’s manager and chief accountant must possess a digital signature. They must also submit VAT statements monthly, until the 25th day of the month that comes after the fiscal period covered by the statement. Also, within 10 workdays, the VAT payers must register the fiscal invoices to the value of over 100,000 lei in the General Electronic Register of Fiscal Invoices.
The economic entities registered voluntarily as VAT payers can deduct the VAT.
