Tax Flash No. 9/2012
Order 640/2012 approving the template and content of Form 307 “Declaration related to the amounts arising from the adjustment of value added tax” was published in the Official Gazette 316/2012.
The Order approves the new template of Form 307 “Declaration related to the amounts arising from the adjustment of the value added tax” and the related instructions.
A new row was inserted within this Form for the VAT adjusments to be performed as a result of cancellation of the VAT registration number according to art. 153 para. (9) letter a)-e) or letter g) from the Fiscal Code.
Thus, the taxable persons for wich the VAT registration was canceled and which did not performed VAT adjustments according to art. 128 par. (4), art. 148, 149 or 161 of the Fiscal Code in the last VAT return submitted prior to the cancellation of the registration or which incorrectly reported adjustments, are liable to submit a statement in this respect until the 25th of the month following the one in which the obligation to report the VAT amounts arising from the VAT adjustments has occurred.
The Order entered into force on 11 May 2012.