S.C. X S.R.L., is engaged in “Manufacture of wine from grapes”, CAEN code 1102.
Period checked:
– 01.10.2021 – 30.06.2023 for corporation tax;
– 01.01.2022 30.07.2023 for value added tax.
The main findings of the tax inspection authorities were:
- a) Concerning corporate income tax:
– when calculating the tax result, the economic agent did not take into account the credit balance of the account 711-income from work in progress, in the amount of x lei, resulting in the erroneous determination of the tax result and implicitly of the related corporate income tax;
– during the audit, it was found that the income, expenses, tax result and, implicitly, the corporate income tax due to the state budget had been erroneously declared in the annual corporate income tax return. Although the company declared a tax loss in the annual corporate income tax return, in the accounting records it recorded expenses with corporate income tax due in the amount of x lei, without declaring them,
– in the first half of 2023, the company did not record, declare and transfer the income tax on the taxable profit recorded.
b)With regard to value added tax:
As a result of the verification carried out, it was found that the audited company recorded in its accounting records value added tax collected in the total amount of x lei and deductible tax in the total amount of x lei.
During the audit, discrepancies were found between the VAT recorded in the accounting records and the VAT declared in the VAT statements, both for VAT collected and VAT deducted, resulting in additional VAT totalling x lei.
Source: ANAF