New legal developments applicable at the beginning of the year 2018
We inform you that at the end of the year 2017 a series of the normative acts that brought significant amendments to the Romanian tax legislation, were published in the Official Gazette. Next, we shall [...]
What should you know about the tax treatment of protocol expenditures?
According to the Tax Code there is a series a deductible expenditure regarding corporate tax. Protocol expenditures represent tax deductible expenditures, but these do not have a limited deductibility to the calculation of taxable profit. [...]
When it is issued and what does the simplified invoice have to contain?
In the daily activity, we are often put in the situation to decide if for certain transaction we are obligated to issue tax invoices or is it possible to simplify this process by issuing simplified [...]
Corporate tax: The deductibility of interest and exchange rate expenditures
When talking about the tax treatment of the interest and exchange rate expenditures, companies have to pay attention to the conditions in which they can deduct these expenditures at the calculation of the tax result. [...]
The tax treatment of sponsorship or patronage expenditures
When talking about the tax treatment of sponsorship expenditures, often ambiguities appear regarding their impact over the corporate tax. Firstly, it is important to make the difference between the deductibility of the sponsorship expenditures and [...]
Real estate selling: VAT implications
When it comes to real estate selling (building/ land/ building and related land), it is recommended to make an in-depth analysis of the applicable legal provisions, so that the value added tax (VAT) treatment to [...]