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