When the turnover of RON 300,000 is exceeded, we have the obligation to register as VAT payers. The turnover related to the threshold of RON 300,000 consists of the following elements:
- Deliveries of goods and services performed during a calendar year, both in Romania and abroad. This includes invoices for cashed or uncollected advances, also;
- Operations exempted with deduction right;
- Exempted operations without the right of deduction provided in art. 292 para. (2) lit. a), b), e) and f) (banking, insurance and real estate operations), if they are not ancillary to the main activity.
The sales of tangible and intangible assets made by the taxable person are not included in this turnover if they are ancillary to the principal activity, i.e. if they are not directly related to the principal activity of the taxable person.
If, for example, the threshold of RON 300,000 is exceeded in March, the registration with ANAF is made until April 10th, and the VAT code is issued starting with the first of May.