Tax inspection remarks of a company whose activity is “Other monetary intermediation”

Remarks  of tax inspection of a company with the activity “Other monetary intermediation activities”

S.C. X S.A. is engaged in “Other monetary intermediation”, CAEN code 6419.

The period audited was: 01.01.2017 – 31.12.2018, Income tax.

The main remarks  of the tax inspection authorities  were:

Following the verification of the existing information in the ANAF database and taking into account the Decision on the change of the tax base as a result of the partial tax inspection carried out previously, the tax inspection authorities  found that from the date of communication of the tax administrative act until the initiation of the documentary verification, S.C. X S.A. did not submit the corrective statements code 101 “Income tax return”, whereby the tax loss established for 2016 was correctly presented in the corrective statements on income tax code 101 for 2017 and 2018.

Thus, the tax inspection authorities recalculated the tax result of the company for the period 01.01.2017-31.12.2018, by presenting the tax loss established for the year 2016 by the Decision on the modification of the tax base No. — /26.01.2023, resulting in the following:

– for the year 2017, the tax loss to be recovered from previous years was reduced from the amount of x lei entered by the company to the amount of x lei. Taking into account the results obtained by S.C. X S.A. in 2017, i.e. the total taxable profit for the reporting year, before reporting the loss, entered in line 35 of the D101 return, in the amount of x lei, and taking into account the decrease in the loss to be recovered from previous years, a taxable profit in the amount of x lei resulted at the end of 2017, compared to the loss in the amount of x lei declared by S.C. X S.A.. Correlatively to the taxable profit calculated by the tax inspection authorities , they established additional corporate income tax for 2017 in the amount of x lei.

– for the year 2018, given that the audited company did not have any losses to recover from previous years, from the total taxable profit calculated by it in the amount of x lei, the tax inspection authorities reduced the tax loss by the amount of x lei, as entered by S.C. X S.A. in line 38 of the D101 return, thus establishing additional taxable profit in the amount of x lei and additional corporate income tax in the amount of x lei. Given that the audited company has declared for the year in question corporate income tax in the amount of x lei, the tax inspection authorities have determined that the difference, in the amount of x lei, represents additional liability for 2018.