Tax And Accounting Implications Of The Use Of Special Charge Scheme For Second-Hand Goods To The Pawn Shops In Romania

In the same time with the crisis deepening in Romania, pawn businesses are also growing. In this paper we discussed several issues concerning the choice of the scheme of registration and determination of value added tax at Pawn Shops, together with the tax and accounting implications of this choice. Therefore, we presented the theoretical aspects regarding the likelihood of Pawn Shops to choose the special scheme for second-hand goods, as they are covered by the Fiscal Code. At the end of this paper we presented based on an example the tax and accounting implications of such special scheme as compared with the “normal” scheme regarding VAT at the Pawn Shops in Romania.