-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
1/38
43rd ACCA ROMANIA TECHNICAL EVENT:
Tax Impact of the Commercial Policies
25 November 2010 Novotel Bucharest
Alina Mnescu
Stela Colun
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
2/38
Colman Tax 2Tax Impact of the Commercial Policies
Agenda
1. Commercial and financial discounts
Accounting treatment VAT treatment
Tax optimisation solutions
Profit tax treatment
2. Sold vouchers and gift coupons VAT treatment. Practical aspects
3. Gift vouchers and gift cards Tax treatment (profit tax, income tax andsocial contributions)
4. Goods granted free of charge to stimulate sales Tax treatment (profittax, VAT) and accounting treatment. Justifying documents
5. Advertising lottery. Prizes Tax and regulatory
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
3/38
Colman Tax 3Tax Impact of the Commercial Policies
Commercial discounts refer to discounts granted to the clients especially to
stimulate them to purchase more and are closely linked with the selling price of thegoods. These include:
rebates are received for quality damages and are applied on the selling price
remize are received in case the sales are higher than the agreed volume or if
the purchaser has a preferential status
risturn price reductions computed over the total amount of transactionsperformed with a third party, during a certain period of time
Financial discounts (sconto) are granted with a non-commercial purpose, as arule, to stimulate the client to pay before the payment deadline. Financial discounts
are not linked with a certain product, but with the value and the frequency of thepayments
1. Commercial and financial discounts. Accounting treatment
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
4/38
Colman Tax 4Tax Impact of the Commercial Policies
Fix bonuses:
Store opening fee
Listing fee
Shelf positioning fee (charged in case the goods of supplier benefit of a preferential
positioning on the shelves of the shops)
Logistic fee (charged for the fact that suppliers have the possibility to deliver theirgoods in a centralised manner on the logistic platform of the purchaser, with no needto perform the dispatch of the goods to each store of this purchaser)
1. Commercial and financial discounts
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
5/38
Colman Tax 5Tax Impact of the Commercial Policies
Variable bonuses:
Advertising bonus (charged for direct and indirect promotion, of goods of thesupplier via the retailers chain, e.g. advertising performed via booklets/flyerspublished periodically by the retailer and addressed to its clients)
Turnover bonus (volume bonus)
Development bonus or turnover increase bonus (i.e. percentage quotas, increasing,depending on the value of the acquisitions performed by a company from a certainsupplier)
Claiming bonus (% from the entire turnover of the year: when such a conventionexists with a supplier, the supplier has no right to return physically the damagedgoods to the supplier. The supplier pays this bonus provided that he does not receiveback any product, irrespective of its damages.)
1. Commercial and financial discounts
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
6/38
Colman Tax 6Tax Impact of the Commercial Policies
Commercial discounts
Initial
Commercial discounts granted by the supplier and mentioned on the invoicereduce the acquisition price of the goods
Initial commercial discounts do not determine distinct accounting records
Subsequent
Commercial discounts received subsequently to the invoicing / grantedsubsequently to the invoicing, irrespective of the period to which they refer, arerecorded separately in the accounting, in the month in which these are granted,(account 609 Commercial discounts received, respectively the account 709Commercial discounts granted) against the third party accounts
Possible exception: contractual discounts invoiced at the beginning of the yearthat refer to the previous year => might affect the profit and loss account of theyear to which these refer.
1. Commercial and financial discounts. Accounting treatment
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
7/38
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
8/38
Colman Tax 8Tax Impact of the Commercial Policies
Financial discounts
Financial discounts received from the supplier represent income of the period,irrespective of the period to which they refer.
Recording the financial discount at the supplier:
Recording the financial discount at the purchaser:
VAT will be adjusted accordingly, if it was deducted / charged
667 Expensesregarding the financialdiscounts granted "
= 4111 Clients With the value of thefinancial discountsgranted to the clients
401 Suppliers = 767 Income fromfinancial discounts
obtained
With the value of thefinancial discountsreceived from thesuppliers
1. Commercial and financial discounts. Accounting treatment
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
9/38
Colman Tax 9Tax Impact of the Commercial Policies
Initial discounts:
Are not included in the taxable base at the date of supply of goods/services
Subsequent discounts:Reduce taxable amount after invoicing goods/services
Discounts are not included in / reduce subsequently the taxable amount of the tax if thefollowing conditions are cumulatively met:
Are granted by the supplier directly in the benefit of the clients;
Do not represent, in fact, remuneration of a supply of services/goods;
Invoice mentions:
In case of initial discounts: the value of the goods / services supplied,without tax, separately from the amount of the reduction, in minus. VAT isapplied to the difference resulted (net selling price).
In case of subsequent discounts: the value of the reduction, with minussign.
1. Commercial and financial discounts. VAT treatment
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
10/38
Colman Tax 10Tax Impact of the Commercial Policies
Practical aspects. Discounts versus services
Rules regarding services
A service supply represents any operation that does not constitute a delivery ofgoods.
In case of services supplied to foreign beneficiaries, as a general rule, these willbe taxable at the place where the beneficiary is established (B2B rule).
1. Commercial and financial discounts. VAT treatment
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
11/38
Colman Tax 11Tax Impact of the Commercial Policies
Practical aspects. Discounts versus services
Bonuses qualifying as services:
listing fee
shelf positioning fee
store opening fee
logistic fee
advertising bonus
claiming bonus
These services will be invoiced by the retailers to the internal supplierswith 24% VAT
As regards external suppliers, retailers shall not charge VAT related to these fees andbonuses, due to the fact that these services are not taxable in Romnia, but at theplace of the beneficiary (i.e. outside Romania)
1. Commercial and financial discounts. VAT treatment
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
12/38
Colman Tax 12Tax Impact of the Commercial Policies
Bonuses qualifying as price reductions:
turnover bonus
development bonus
Reductions granted after supply of goods/services must be invoiced by thesuppliers to the purchasers by issuance of invoices with minus sign.
Purchasers will reduce accordingly input VAT related to the intracommunityacquisitions and domestic acquisitions performed.
1. Commercial and financial discounts. VAT treatment
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
13/38
Colman Tax 13Tax Impact of the Commercial Policies
Incorrect invoicing. Risks
Treating a service supplied by the retailer (e.g. store opening fee) as a commercialdiscount granted by the supplier => risk to deny the reduction of taxable amount atthe supplier level
Treating a commercial discount granted by the supplier (e.g. turnover bonus) as a
service invoiced by the retailer => risk to be denied the VAT deduction right at thesupplier level
To avoid risks, we recommend:
suppliers to issue invoices with minus sign for the price reductions
purchasers to implement the procedure for issuance of the invoices in the nameand on the account of the suppliers
1. Commercial and financial discounts. VAT treatment
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
14/38
Colman Tax 14Tax Impact of the Commercial Policies
The client may issue invoices in the name and on the account of the supplier
Conditions that must be cumulatively met:
Parties must conclude an agreement stipulating this invoicing procedure
Contract shall stipulate expressly the events for which the supplier may issue
invoices in the name and on the account of the supplier, e.g. quantitive differences,qualitative differences, price differences, price reductions, etc.
A written procedure for acceptance of the invoice must be in place
Contract shall stipulate that the invoices issued by the purchaser will be consideredas being accepted by the supplier only if, within a X-days deadline, the supplier does
not communicate to the purchaser his refuse regarding the invoices thus issued.
The purchaser must be established in the Community and shall be registered forVAT purposes in Romania
1. Commercial and financial discounts. Tax optimisation solutions
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
15/38
Colman Tax 15Tax Impact of the Commercial Policies
1. Commercial and financial discounts. Tax optimisation solutions
The client may issue invoices in the name and on the account of the supplier
Conditions that must be cumulatively met (continued):
Both the supplier (if registered for VAT purposes in Romania) and the purchaser,must notify, via recommended letter, its competent tax authority, the application of
this invoicing procedure, with at least a calendar month before initiating it, and itshall enclose to this notification the agreement or the acceptance procedure
The invoice shall be issued by the purchaser in the name and on the account of thesupplier and it shall be sent to the supplier
The invoice must comprise the mandatory information
The invoice shall be recorded in a separate sales journal by the supplier, if he isregistered for VAT purposes in Romania
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
16/38
Colman Tax 16Tax Impact of the Commercial Policies
1. Commercial and financial discounts. Tax optimisation solutions
The client may issue invoices in the name and on the account of the supplier
Advantages for the purchaser:
Possibility to settle in advance the liabilities towards its suppliers with thesubsequent commercial discounts and with other ascertained differences:quantitative differences, quality differences or price differences
Availability in a shorter period of the invoices for adjusting the taxable amount ofthe intracommunity acquisitions performed
Possibility to apply the correct invoicing method in case of bonuses that qualify asprice reductions and that are treated by the purchaser as services
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
17/38
Colman Tax 17Tax Impact of the Commercial Policies
1. Commercial and financial discounts. Tax optimisation solutions
The client may issue invoices in the name and on the account of the supplier
Disadvantages for the purchaser:
The purchaser shall (re) open negotiations with its suppliers in order to amend theexistent contracts or to conclude separate agreements
The purchaser shall check if the national legislations of its EU suppliers allow theacceptance of the invoices that are issued by the purchaser in the name and on the
account of the suppliers
! This procedure may be applied only in relationship with the suppliers fromRomania and the EU. This procedure may not be applied in case of goods importedfrom outside of the EU.
The invoices issued by the purchaser in the name and on the account of thesupplier will be treated, from accounting and profit tax perspectives, as thesewould be invoices issued by the suppliers to the purchasers.
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
18/38
Colman Tax 18Tax Impact of the Commercial Policies
1. Commercial and financial discounts. Tax optimisation solutions
Advantages for the seller:
Elimination of the risk of nondeductibility of the VAT in relation to the bonusesincorrectly invoiced by the purchaser as services
Disadvantages for the seller:
The seller losses the control over the settlements of the differences encounteredin relation with the buyer
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
19/38
Colman Tax 19Tax Impact of the Commercial Policies
Sold vouchers
Case:
A retailer sells to individuals and to legal entities paper vouchers which can be usedsubsequently by the individuals (who received them free of charge from the initialbuyer) for paying goods purchased from the retail stores
The vouchers:
Have nominal values in RON, e.g. 50, 100 lei, including VAT
Are numbered and have security elements
Have limited validity
Have enumeration of the stores where they can be used
Have the mention that no change is granted
2. Sold vouchers and gift coupons
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
20/38
Colman Tax 20Tax Impact of the Commercial Policies
Sold vouchers
Vouchers are classified as follows:
SPV single purpose voucher
MPV multipurpose voucher
SPV
The amounts paid for the supply of such vouchers are deemed as prepaymentsbecause at the moment of their sale all the elements for assessing the VAT treatmentare known, e.g. the VAT rate applied to the sale of the goods/services to be sold
Chargeability for prepayments - > cashing of the advance => obligation to charge VATand issue invoice or fiscal bill, as the case might be
ECJ C- 419 (BUPA Hospitals Ltd)
2. Sold vouchers and gift coupons
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
21/38
Colman Tax 21Tax Impact of the Commercial Policies
Sold vouchers
MPV
At the supply date not all the information needed for assessing the VAT treatment areknown, e.g. the VAT rate applicable
MPV are not deemed as cash advances => no chargeable event for VAT
MPV = means of payment
Sale of MPV => VAT exempt without credit operation (i.e. transaction regarding othernegotiable instruments)
! VAT deduction right based on pro-rata
2. Sold vouchers and gift coupons
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
22/38
Colman Tax 22Tax Impact of the Commercial Policies
Sold vouchers
Practical aspects
Issuance of invoices for the sale of MPV is not mandatory
Issuance of fiscal receipts in case of sale of MPV by the retailers is mandatory
The voucher must be defined on the fiscal bill as mean of payment
Accounting of sold vouchers by using account 419 Advance payments fromcustomers
When the goods are sold and the vouchers are used, the settlement of the VAT
initially charged is needed
2. Sold vouchers and gift coupons
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
23/38
Colman Tax 23Tax Impact of the Commercial Policies
Gift coupons
Gift coupons could be:
Gift couponswith nominal valuewhich are granted free of charge and can beused for the acquisition of goods/services
Gift discount couponswith a certain percentageinscribed which are grantedfree of charge unconditionally and entitles their holder to receive thementioned reduction upon acquisition of goods/services
There are also Discount couponswhich are granted only if the value of thepurchases exceeds a certain limit
Why it is important to asses the VAT treatment?
Reduction of the taxable amount = > tax advantage
Attention! Sale below cost OG 99/2000
2. Sold vouchers and gift coupons
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
24/38
Colman Tax 24Tax Impact of the Commercial Policies
Gift coupons
The question is: Price reductionor Goods granted free of charge?
Price reduction must cumulatively meet the following conditions: To be granted in the direct benefit of the client To be mentioned distinctly with minus sign on the sale document (i.e. invoice,
fiscal receipt) Not to represent the counterpart of a supply of goods/services
Attention!Under the EU jurisprudence, the grant of the price reduction isconditioned by prior acquisitions (ECJ case Boots Company Plc)As per the Romanian VAT legislation, no such condition is imposed
Gift coupons with nominal valuecarries the right to receive goods free of charge
Gift discount couponscarries the right to receive a certain percentage discountupon the acquisition of goods
Price reductions granted to clients individuals do not represent taxable income, inthe meaning of income tax
Goods granted free of charge: income from prizes or income from other sources?
2. Sold vouchers and gift coupons
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
25/38
Colman Tax 25Tax Impact of the Commercial Policies
Gift coupons
Gift coupons with nominal valuecan be deemed as goods granted free of charge
In this case their VAT treatment should be assessed depending on their destination,e.g.:
Gift coupons granted free of charge during advertising campaigns to stimulate sales Gift coupons granted free of charge during protocol actions to commercial partners
Gift coupons granted free of charge to employees
Attention! Implementing this VAT treatment can prove very difficult in practice
Gift coupons with nominal valuecan be deemed as goods price reduction
Attention! There is a risk of reclassification in goods granted free of charge basedon the following argument: if the value of the good purchased is lower than the
value of the gift coupons => the good is received free of charge
Gift discount couponsshould be deemed as price reduction
Discount couponsshould be deemed as price reduction
2. Sold vouchers and gift coupons
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
26/38
Colman Tax 26Tax Impact of the Commercial Policies
Particular type of gift coupons (e.g. gas coupons)
Case:A producer grants, upon the acquisition of its products from the retailer store agas coupon with a certain nominal value. This coupon is granted free of charge.
The gas station:
accepts the coupons and treats it as a means of payment=> no reduction of thetaxable amount
Recovers the value of the coupons from the producer: outside the VAT scope
The producer:
Incurs a promotional expense vs. granting of goods free of charge
2. Sold vouchers and gift coupons
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
27/38
Colman Tax 27Tax Impact of the Commercial Policies
3. Gift vouchers and gift cards
Gift vouchers (tichete cadou):
are regulated by special laws represent securities issued on paper may be purchased only from specialised companies authorised by the Ministry
of Finance may be used as means of payment in the accepted stores
Gift cards (carduri de cadouri):
prepaid cards issued in electronic format currently issued by a company, that also is authorised to issue gift tickets
may be used as means of payments in the accepted stores to perform
electronic payments and online payments no assimilation of the gift cards may be performed with the gift tickets due to
the form conditions =>tax advantages proper to gift tickets may not be applied to the gift cards
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
28/38
Colman Tax 28Tax Impact of the Commercial Policies
3. Gift vouchers and gift cards
A. Case when a company grants gift tickets / gift cards to its own employees
Are dueAre dueAs a general rule,are not due
As ageneralrule, arenot due
Socialcontributions
and salaryrelated taxes
Taxable incomewith 16% salary tax
Non taxable incomeif certain conditionsare met (occasion,destination, notexceeding 150 lei)
Employee
Fully deductibleexpenses forvalues taxedwith the salarytax
Social expensesfor the valuesnot deemed tobe taxable withsalary tax
Employer
Gift cardsGift vouchers
Taxable with 16%salary tax
Deductibleexpenses
Profit tax /
Income tax
EmployeeEmployerTax
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
29/38
Colman Tax29Tax Impact of the Commercial Policies
3. Gift vouchers and gift cards
B. Case when a company grants gift tickets / gift cards to individuals outside
of an employment relationship
Might be exempt from
certain contributions,other contributionsare not due or are notapplicable
N/AAs a general rule,are not due
N/A
Socialcontributions
and salaryrelated taxes
Income from othersources taxed with16% income tax
Individual
Expenses: protocol
marketing
advertising
Company
Gift cardsGift vouchers
Income fromother sourcestaxed with 16%income tax
Expenses: protocol
marketing
advertising
Profit tax /
Income tax
IndividualCompanyTax
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
30/38
Colman Tax30Tax Impact of the Commercial Policies
4. Goods granted free of charge to stimulate sales
Case 1:
Sales agents of a distributor grants, directly, free of charge, goods traded by thisdistributor, to the stores where the goods are traded.
These goods are removed from the stock location based on lists prepared by thearea sale managers
Case 2:
A distributor grants to the consumers, individuals, free of charge, goods which henormally trades: cosmetic products.
Products are granted trough a promotion agency, that distributes them, via itspromoters, in various locations (e.g. commercial galleries of supermarkets).
These products are handed over by the distributor to the agency based on deliverynote.
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
31/38
Colman Tax31
Tax Impact of the Commercial Policies
4. Goods granted free of charge to stimulate sales
Practical aspects
Profit tax. Goods granted free of charge by the distributors in order to stimulatesales represent deductible expenses.
VAT. Goods granted free of charge by the distributors do not represent a supply ofgoods for consideration and, therefore, in this case the VAT is not due and it is notmandatory to issue the invoice.
Condition. These shall be goods the same as the goods normally sold to the client.
Accounting:
Rule: Delivery note shall be issued (Case 2)
Recommendation: delivery note shall specify at the rubric Name of goods mentionGood granted free of charge in order to stimulate sales.
Practice. If delivery note is not issued, but the consumption note => protocolexpenses (Case 1)
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
32/38
Colman Tax32
Tax Impact of the Commercial Policies
A distributor of cosmetic products organises an advertising campaign, grand prizebeing a trip to Paris
A. Profit tax: advertising expenses
B. VAT
When goods granted free of charge in order to stimulate sales are not produced by the
taxable person and/or are not normally traded by the taxable person, their granting freeof charge is not deemed as supply of goods if:
It can be objectively proved that these can be used by the client in connection withthe goods/services which he purchased from the taxable person;
or
Goods/services are supplied to the final consumer and the value of the goodsgranted free of charge is lower than the value of the goods/services supplied to theclient.
5. Advertising lottery. Prizes
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
33/38
Colman Tax33
Tax Impact of the Commercial Policies
C. Income tax
Income from prizes comprise income in cash and/or in kind in form of prizesobtained further to commercial practices concerning the promotion of products viaadvertising, under law (OG 99/2000)
Income tax = 16% x (gross income from prizes non-taxable income of 600 lei / eachprize)
D. Trading market goods and services
Advertising campaign = promotion practice of products / services that tend tostimulate via the participants the hope of a gain via lottery
Advertising campaign are admitted only if the participants are not imposed anydirect / indirect expense, in addition to the purchase of the good / service
5. Advertising lottery. Prizes
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
34/38
Colman Tax34
Tax Impact of the Commercial Policies
5. Advertising lottery. Prizes
E. Practical aspects
Legal. Preparation of the Regulation for the advertising campaign, authenticated andsubmitted to a public notary before starting the operation
Accounting and profit tax. Advertising expenses deductible based on the Regulationfor the advertising campaign and the invoice issued by the travel agency
TVA . If VAT is deducted => supply for consideration. Recommendation: do notdeduct VAT at the acquisition
Income tax:
Tax computation: by grossing up Tax payment: by 25th of the next month Tax reporting:
Return 100, by 25th of the next monthStatement 205, annually, by 30 June
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
35/38
Colman Tax35
Tax Impact of the Commercial Policies
Governing legislation
This presentation was prepared based on our expertise and relevant provisions fromthe following legislation:
Fiscal Code Law no. 571/2003, with subsequent amendments; Government Decision no. 44/2004 approving the Norms Methodological Norms
for Applying the Fiscal Code, with subsequent amendments; Relevant ECJ Cases; Law no. 193/2006 on granting gift tickets and nursery tickets, with subsequent
amendments; Government Decision no. 1317/2006 approving the Methodological Norms for
applying the Law no. 193/2006; Government Emergency Ordinance no. 58/2010 amending the Fiscal Code Law
no. 571/2003 and other financial and tax measures; Law no. 95/2006 regarding the reform in health field, with subsequent
amendments; Order of the president of the National House of Health Insurance no. 617/2007
approving the Methodological Norms on establishing the justifying documentsfor acquiring the statues of insured person, respectively of the insured person
without payment contribution, as well as for applying the enforcement measuresto receive the amounts due to the National Unique Fund of Health Insurance, withsubsequent amendments;
Law no. 19/2000 regarding the public pension system and other social insurancerights, with subsequent amendments;
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
36/38
Colman Tax36
Tax Impact of the Commercial Policies
Governing legislation (continued)
Order of the Ministry of labour and Social Solidarity no. 340/2001 approving theNorms for applying the Law no. 19/2000, with subsequent amendments;
Law no. 76/2002 on unemployment insurance system and for encouraging theoccupation of labour force, with subsequent amendments; Government Decision no. 174/2002 approving the Methodological Norms for
applying the Law no. 76/2002; Government Emergency Ordinance no. 158/2005 regarding vacations health
insurance holidays and indemnities, with subsequent amendments; Common Order of the Ministry of Health and of the president of the National
House of Health Insurance no. 60/32/2006 approving the Methodological Norms for
applying the Government Emergency Ordinance no. 158/2005; Law no. 200/2006 on creation and use of the Fund to guarantee payment of salaryreceivables;
Government Decision no. 1850/2006 approving the Methodological Norms forapplying the Law no. 200/2006;
Law no. 346/2002 on insurance for work accidents and professional diseases,republished;
Common Order of the Ministry of Labour, Social Solidarity and Family and of theMinistry of Public Health no. 450/825/2006 approving the Methodological Normsfor applying the Law no. 346/2002, with subsequent amendments;
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
37/38
Colman Tax37
Tax Impact of the Commercial Policies
Governing legislation (continued)
Law no. 130/1999 on certain protection measures of the employed persons,republished;
Order of the President of the National Agency for Tax Administration no. 101/2008approving the template and the content of forms used to declare taxes, duties andcontributions by self-taxation and withholding;
Order of the President of National Agency for Fiscal Administration no. 2371/2007approving certain forms provided by the Fiscal Code.
-
8/3/2019 ACCA Event Tax Impact of Commercial Policies 25.11.2010 En
38/38
Colman Tax 38Tax Impact of the Commercial Policies
COLMAN TAX SRL
41 Frumoasa StreetBucharest, Sector 1
Romania
Dr. Stela Colun Managing PartnerMobil: +40 748 733 865
E-mail: [email protected] Manescu Managing PartnerMobil: +40 728 182 395E-mail: [email protected]
mailto:[email protected]:[email protected]:[email protected]:[email protected]