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- Title
CONSIDERATIONS ON VALUE ADDED TAX IMPLICATIONS ON THE ENTITY'S PERFORMANCE.
- Authors
MUNTEANU, Victor; COPCINSCHI, Lavinia; LUSCHI, Carmen; LĂCEANU, Anda
- Abstract
Romania has done significant progress regarding implementing European Directivesi on Value Added Tax, although certain notions have been taken over without adapting them to the Romanian economic environment, as well as disconnecting fiscality from accounting. Yet, current fiscal regulations don't meet the requirements of an optimal fiscal system every time, as it is considered in economic theory. The principle of stability, for example, doesn't belong to Romanian fiscal system and as far as simplicity is concern there is none, especially regarding VAT. Furthermore, the definition of terms used in the legislation involves a critical appreciation, justified by the fact that in some cases, the attempt to define certain terms, entails the need to address other terms. This shortfall is the result of the hurried takeover of terms from the European legislation that are "indigestible" for an adaptation of the language and customs of national conditions in the field.
- Subjects
VALUE-added tax; ORGANIZATIONAL performance; FISCAL policy; ECONOMICS; MERGERS &; acquisitions
- Publication
Knowledge Horizons / Orizonturi ale Cunoasterii, 2016, Vol 8, Issue 2, p105
- ISSN
2069-0932
- Publication type
Article