În alinierea prevederilor contabile la cele fiscale, Finanțele pierd din vedere aspectele practice ale cerințelor de raportare
Aligning the provisions of the tax accounting, Finance overlook the practicalities of reporting requirements

Summary/Abstract: The new amendment project for the Accounting Law could oblige foreign companies who resident (from a fiscal perspective) in Romania to report financial statements both in the state in which they are established and in Romania. The new proposal for legislative amendment of the Accounting Law could force foreign companies resident for tax purposes in Romania to report financial statements both in the state in which they are established and in Romania. The companies covered by this amendment, in order to avoid, first of all, potential fiscal risks when calculating the profit tax, should prepare the accounting records according to the accounting regulations applicable for the Romanian companies (mainly considering the Order of the Ministry of Finance no. 1802/2014). And the first step, which will not be without challenges, will be the restatement/transposition of the initial balances on the date when the tax residence is changed.

• Details
• Contents