Posted on 15 February 2016. Tags: Accounting, economic practice, fiscal legislation, micro-enterprise, trading discount
Within a competitive economy, the trading discounts constitute a frequent practice, whereby the asset and service providers instill loyalty to the current customers or propose themselves to draw new clients.
While the economic and legal practice of entities use a diversity of trading discounts, both from the point of view of their name and the complexity of clauses of the trading agreements, the relevant national regulations try to take into account the trading news and innovations.
Our study proposes to specify the impact of the last changes in the accounting and fiscal legislation of trading discounts within the context whereby they may generate fiscal vulnerabilities to all the contracting entities, whether they are profit tax payers or micro-enterprise income tax payers.
Resumptions and Enhancement Concerning the Trading Discounts within the Context of the New Accounting and Fiscal Regulations in Romania (654.9 KiB, 1,524 hits)
Posted in Economics, Information Technology, Knowledge Management, Volume VI / 2016, Volume VI, Issue no. 1
Posted on 15 February 2013. Tags: corporate income tax, fiscal loss, micro-enterprise, micro-enterprises income tax, taxable income, taxation system
Year 2013 brought major changes in taxation of income obtained by micro- enterprises in Romania, therefore the fiscal analysis aims to clarify fundamental matters as regards the object and subject of taxation, tax base and calculation method, declaration and payment of micro-enterprises income tax. We chose a comparative analysis for three basic reasons, namely: (i) taxation principle change occurred: the option to apply the income taxation system has become a liability for the payment of microenterprises income tax, in compliance with certain conditions; (ii) taxation system has an impact on legal persons in Romania, considering that many of them get annual taxable income below 65,000 EUR; (iii) any corporate income tax / income tax payer must annually review the conditions imposed for micro-enterprises and decide which is the system of taxation for the next fiscal year. In the absence of periodic review, fiscal risks of distorting tax liabilities are significant.
Comparative Fiscal Analysis of Taxation of Income Obtained by Micro-Enterprises in Romania (321.1 KiB, 2,248 hits)
Posted in Economics, Volume III, Issue no. 1
