- The High Court of Cassation and Justice (ICCJ) ruled that the right to carry forward a negative VAT balance is not subject to prescription.
- This decision allows taxpayers to report and request reimbursement of negative VAT balances at any time until they cease activity, without time limitations.
- The ruling clarifies a longstanding issue where tax authorities (ANAF) imposed prescription, preventing many taxpayers from claiming VAT refunds.
- The decision is final, binding, and will be published in the Official Gazette.
- It ensures equal treatment between taxpayers and tax authorities, upholding constitutional fiscal principles.
Source: financialintelligence.ro
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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