Current Tax Risk in Romania and Possible Remedies
Following the controls carried out by the National Agency for Fiscal Administration (ANAF), the income from unidentified sources of individuals will be taxed by 70% (not only by 16%), as of 1 July 2024, the measure introduced by Law 296/2023. The tax procedure code (FCP) in Article 138 regulates the...
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| Format: | Article |
| Language: | English |
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Universitaria Publishing House
2024-11-01
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| Series: | Finanţe: Provocările viitorului |
| Subjects: | |
| Online Access: | https://feaa.ucv.ro/finance/fisiere/revista/132399815503_Tamas_Haragus_Tamas_Irimia.pdf |
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| author | Attila Szora TAMAȘ Ramona-Ionela HARAGUȘ Gabriel Szora TAMAȘ Alin IRIMIA |
| author_facet | Attila Szora TAMAȘ Ramona-Ionela HARAGUȘ Gabriel Szora TAMAȘ Alin IRIMIA |
| author_sort | Attila Szora TAMAȘ |
| collection | DOAJ |
| description | Following the controls carried out by the National Agency for Fiscal Administration (ANAF), the income from unidentified sources of individuals will be taxed by 70% (not only by 16%), as of 1 July 2024, the measure introduced by Law 296/2023. The tax procedure code (FCP) in Article 138 regulates the verification of the personal tax situation by the central tax authority. This article requires the tax authority to carry out certain preliminary activities before the start of the control itself. Risk analysis, notification of compliance and selection are the preliminary tasks. Loans made to the company to which a person has the capacity of associate will attract the attention of the tax authority, if their value exceeds the declared revenues. The study proposes the analysis of situations in which, loans between different parties, revenues obtained from virtual currency trading and sponsorship under Article 6 of Law no. 32/1994, constitute facts with fiscal risk. To this end, the used research methodology involved the identification and interpretation of the nationally regulated texts. The study identified current tax risks related to the situations mentioned in the previous paragraph and also proposed certain solutions regarding the fiscal risk. |
| format | Article |
| id | doaj-art-7d040f6cbfa9433d822e417e74347b89 |
| institution | DOAJ |
| issn | 1583-3712 |
| language | English |
| publishDate | 2024-11-01 |
| publisher | Universitaria Publishing House |
| record_format | Article |
| series | Finanţe: Provocările viitorului |
| spelling | doaj-art-7d040f6cbfa9433d822e417e74347b892025-08-20T02:58:18ZengUniversitaria Publishing HouseFinanţe: Provocările viitorului1583-37122024-11-011262845Current Tax Risk in Romania and Possible RemediesAttila Szora TAMAȘ0Ramona-Ionela HARAGUȘ1Gabriel Szora TAMAȘ2Alin IRIMIA3University „1 December 1918” Alba IuliaUniversity „1 December 1918” Alba IuliaUniversity „1 December 1918” Alba IuliaUniversity „1 December 1918” Alba IuliaFollowing the controls carried out by the National Agency for Fiscal Administration (ANAF), the income from unidentified sources of individuals will be taxed by 70% (not only by 16%), as of 1 July 2024, the measure introduced by Law 296/2023. The tax procedure code (FCP) in Article 138 regulates the verification of the personal tax situation by the central tax authority. This article requires the tax authority to carry out certain preliminary activities before the start of the control itself. Risk analysis, notification of compliance and selection are the preliminary tasks. Loans made to the company to which a person has the capacity of associate will attract the attention of the tax authority, if their value exceeds the declared revenues. The study proposes the analysis of situations in which, loans between different parties, revenues obtained from virtual currency trading and sponsorship under Article 6 of Law no. 32/1994, constitute facts with fiscal risk. To this end, the used research methodology involved the identification and interpretation of the nationally regulated texts. The study identified current tax risks related to the situations mentioned in the previous paragraph and also proposed certain solutions regarding the fiscal risk.https://feaa.ucv.ro/finance/fisiere/revista/132399815503_Tamas_Haragus_Tamas_Irimia.pdfloanaffiliated company companieslimited liability companyregulationnon-deductible expensesaccounting registration |
| spellingShingle | Attila Szora TAMAȘ Ramona-Ionela HARAGUȘ Gabriel Szora TAMAȘ Alin IRIMIA Current Tax Risk in Romania and Possible Remedies Finanţe: Provocările viitorului loan affiliated company companies limited liability company regulation non-deductible expenses accounting registration |
| title | Current Tax Risk in Romania and Possible Remedies |
| title_full | Current Tax Risk in Romania and Possible Remedies |
| title_fullStr | Current Tax Risk in Romania and Possible Remedies |
| title_full_unstemmed | Current Tax Risk in Romania and Possible Remedies |
| title_short | Current Tax Risk in Romania and Possible Remedies |
| title_sort | current tax risk in romania and possible remedies |
| topic | loan affiliated company companies limited liability company regulation non-deductible expenses accounting registration |
| url | https://feaa.ucv.ro/finance/fisiere/revista/132399815503_Tamas_Haragus_Tamas_Irimia.pdf |
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