S.C. X S.R.L., whose business activity is “Manufacture of concrete products for construction”, CAEN code 2361.
Period verified:
01.09.2021 – 30.06.2024 VAT;
01.01.2022 – 30.06.2024 Income tax
The main observations of the tax inspection authorities were:
- As regards value added tax, discrepancies were found between the amounts recorded in the accounting records and those declared by the company, as well as the erroneous filling in of the amount of x lei in the return code 101 for 2022.
- Non-declaration of sponsorship expenses in the amount of x lei, recorded in the accounting records, in the code 101 declaration for 2022.
- The company erroneously recorded as deductible expenses in 2022, in account 628 “Other expenses for services performed by third parties”, the amount of x lei, expenses that were not intended for the realization of taxable income.
- For the year 2023, the tax inspection authorities proceeded to adjust the interest income that the audited company should have applied in its relationship with S.C. B S.R.L. to reflect the market price of the transaction, at the average interest rates practiced by credit institutions in Romania. This resulted in additional interest income in the amount of RON x and additional corporate income tax for 2023 in the amount of RON x.
In conclusion, for the audited period, the tax inspection authorities have additionally established the total amount of x lei, of which:
- Value Added Tax: x lei;
- Corporate income tax: x lei.
Source: ANAF