Introduction in VAT

Înapoi la: Totul despre TVA 🟪👩🏻‍🏫 – cu suport privat

VAT – STUDY BOOK

Download Study Book 2022 – VAT

 

ILLUSTRATION 1: Romanian entity

 

ILLUSTRATION 2: Transactions within VAT EU territory

 

ILLUSTRATION 3: Transactions with partners outside VAT EU territory

 

ILLUSTRATION 4: The big picture

 

ILLUSTRATION 5: The main questions

 

 

You know it!

This lesson is not to be considered complete until you successfully solve the questions below 🙂

Use what you learned in this lesson and what you know from before and try your best!

If you are in doubt and wish your tutor support, it is easy to have it. Just write it in the "Comment" section!

Your tutor will not bother you if you do not wish to, but if you wish your tutor to clarify your understanding, the fastest way is to write your understanding (or your way to find the solution) to your tutor in the "Comment" section. If you do this, your tutor will write you, privately, ASAP!

NOTE:

IF not told otherwise:

  1. Calculations and workings should be made to the nearest lei, unless instructed otherwise.
  2. Do not use any thousands separator.
  3. All apportionments should be made to the nearest month, unless the law requires otherwise.
  4. All workings should be shown.
  5. If your value is "0", write "0". Do not write "-" or left blank, or anything else.
  6. If your value is negative write it within brackets.
  7. If you need to write a date write it in the format: dd.mm.20Yy.

You need to be registered and logged in to take this quiz. Log in or Register

3 Comments

    1. Hi, Marta!
      Great question! Thank you!
      To answer it I am inviting you to imagine the following example.
      1. Suppose the VAT rate is 19% for all goods and services.
      2. Take a person who has a net income of 1000 lei – this is not such a huge income. This person will spend it all on utilities, food, other strict necessities => he will pay VAT for all his acquisitions => he will support (pay) VAT = 19%*(1000/1.19) = 160, so 16% of his income
      3. Take another person who’s income is 5000 lei – this person may save some money so, let’s suppose he saves 1000 lei and the remaining 4000 lei he spends on utilities, food, other strict necessities and probably on some other goods/services „nice to have” but not so „vital” => this person will support (pay) VAT = 19%*(4000/1.19) = 640, so 640/5000 = 12.8% of his income
      3. Take now another person who’s income is 10000 lei – this person may save some more money so, let’s suppose he saves 4000 lei and the remaining 6000 lei he spends on utilities, food, other strict necessities and probably on some other goods/services „nice to have” but not so „vital” => this person will support (pay) VAT = 19%*(6000/1.19) = 960, so 960/10000 = 9.6% of his income => the bigger the income, the higher the chances to save more money => to spend less money on goods and services => the % of VAT supported by the person decreases.
      Did I manage to explain you?

Lasă un comentariu