From an accounting point of view, the assets of the nature of inventories are valued at the book value, less…
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VAT regime in case of lohn
Lohn contracts take place between two foreign parties, being an international contract. The parties shall consist of the exporter and…
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Tax exemptions for non-residents
In recent years, Romania has been a tax haven for Western businessmen. Not only because it had lower taxes than…
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Fiscal residence in Romania
According to the Order of the Minister of Public Finance no. 74/2012 for the regulation of some aspects regarding the…
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How mandatory are the provisions ?
They are a special category that serious companies use, the small ones ignoring them. In fact, the provisions should be…
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Who has to pay the packaging tax in the case of goods placed on the Romanian market by foreign legal entities?
The analyzed situation is the following: A foreign company, established and registered in another EU Member State, is to make…
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Small guide to avoid double taxation
It is provided by international conventions in such a way that taxpayers who are resident in a state do not…
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Right to deduct VAT in advance – Case Salomie&Oltean
The Court of Justice of the European Union (CJUE) decided on July 9, 2015 to rule in favor of Messrs.…
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Accounting depreciation vs. tax depreciation in case of revaluation of tangible assets
In order to comply with the principle of recording in the accounting of tangible assets at their fair value, companies…
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Waste management
According to Law 211/2011 on the waste regime, all companies regardless of the field of activity, waste producers, legal entities,…
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