Separating taxable amounts
This shows how strongly is the mode of doing business in Romania related to the avoidance to pay taxes and not to development solutions.
Suntem soluția eficientă în oferirea de servicii complexe de evaluare și consultanță pentru clienții corporativi. Echipa noastră de specialiști asistă clienții în soluționarea diverselor spețe cu impact fiscal.
This shows how strongly is the mode of doing business in Romania related to the avoidance to pay taxes and not to development solutions.
Situtions presented in various industries: agribusiness, food industry, real estate developers, etc.
Thus, many companies found out that they declared and paid taxes for years for various buildings that do not qualify for the definition of buildings. Thus, in order to regulate this situation, they turn to tax consultants and evaluators in order to avoid potential conflicts with local councils on this matter.
Thus, the management of many of them turn to consultancy companies for comprehensive analyses of the industry, of competitors and their position with respect to the market, as decision tools in the process of streamlining the activity.
Romanian companies must take into consideration documenting all intra-group transactions, irrespective of their value. Otherwise, the tax authorities may consider the transfer pricind documentation incomplete and sanction the company accordingly (by applying finesand, the most significantly, by estimating the amount of transfer prices).
Are taken into account amendments regarding the tax on the income of micro-enterprises, the income tax, the compulsory social contributions and the value added tax.
Tax audits are announced for all categories of taxpayers (large, medium, small) in all fields of economic activity (including the financial – banking one).
Buyers, however are more demanding now as regards the verification of the companies they buy and Romanian entrepreneurs are pretty little prepared to cope with the process itself.
Romanian businesses are dependent to such a large extent on the banking system also because they did not learn to also seek other methods of financing.
A need for expertize and experience arises as regards finding the best solutions for these businesses to be taken further by the new generation.