CHANGES IN THE FISCAL CODE AND THEIR INFLUENCE ON THE ACTIVITY OF ROMANIAN COMPANIES

Gheorghe MOROŞAN

Abstract


Businesses, all over the world, want a stabile legislation. In the economic domain, all the companies need a clear fiscal code on a long period of time. Unfortunately, in the last ten years, the Romanian Fiscal Code has been amended several times. The old fiscal code is in force since 2003 and suffered throughout this period no less than 150 amendments. The unanimous opinion of the experts was that there was a clear need of a new code. The paper analyzes the changes brought by the Fiscal Code starting with 2016 and its implications on the activity of business operators and on the state budget for the next period of time. It seems that some of the changes will not have the desired effect on the state budget and, generally, on the economy.


Keywords


state budget, fiscality, Fiscal Code, profit tax, VAT, tax on dividends

References


cursdeguvernare.ro, Codul fiscal – impactul/Canotaj bugetar – șase plus unu fără cârmaci Marin Pană, 06.08.2015

cursdeguvernare.ro, Impozitarea veniturilor și implicațiile la români. Două seturi de valori – vehiculate și real, Marin Pană, 12.08.2015

Fiscal Council, Annual report - 2015

Law 571/2003 Fiscal Code

Law 207/2015 Fiscal Procedure Code

Law 227/2015 Fiscal Code

www.mfinante.ro, accessed on 28.06.2016

www.romaniadurabila.ro, accessed on 28.06.2016


Full Text: PDF

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.