General framework
Continuă lectura „Legal and fiscal regime of donations and sponsorship”Legal and fiscal regime of donations and sponsorship
Calculation of financial result
How is the financial result calculated?
The financial result is calculated as the difference between the income and expense accrued under the applicable accounting regulations, which excludes non-taxable income and tax deductions plus non-deductible expenses.
“Fiscal revolution”
The Emergency Ordinance no.79/2017 (the so called “fiscal revolution”) was adopted on 8th of November by the Romanian Government regarding the modification of the Fiscal Code and it came into force, being published on 10th of November in the Official Gazette, although the draft was negatively endorsed by the Fiscal Council and the Economic and Social Council.