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- Title
ACCOUNTING AND FISCAL IMPLICATIONS RELATED TO THE TRANSITION FROM PROFIT TAX TO MICRO-ENTERPRISE INCOME TAX.
- Authors
BUSUIOCEANU, Steliana
- Abstract
In the years preceding the coronavirus pandemic, the Romanian economy experienced a constant economic growth, which determined a significant increase of the companies' profitability. Still, the budget revenues from the taxation of the profits obtained by the company did not perform as expected. This was also due to the fact that there were extensive legal changes referring to the way of taxing the company's profits. In this context, we intend to analyze the situation of a trading company whose business field is construction works of residential and non-residential buildings. The company operates in Brasov city area and in the recent years has seen several changes from the income tax of micro-enterprises to the profit tax and vice versa, which has had a considerable impact on the volume of taxes due.
- Subjects
BRASOV (Romania); TAX laws; COVID-19 pandemic; TAXATION of profits; CORPORATE profits; ACCOUNTING; BUSINESS expansion; ECONOMIC expansion; INCOME tax
- Publication
Bulletin of the Transilvania University of Brasov, Series V: Economic Sciences, 2021, Vol 14, Issue 1, p95
- ISSN
2065-2194
- Publication type
Article
- DOI
10.31926/but.es.2021.14.63.1.9