Your company needs the highest quality tax consulting, tax planning and optimization and tax strategies. Even though taxation can be a complex field, our team can transform complexity into clarity.
Whatever your company’s size, we are ready to deal with your problems. We are in our element when we talk to customers about the challenges of taxation and we always identify the best ways to solve them.
We offer tax consultancy services and tax efficiency assistance, representation and support to facilitate a constructive dialogue with tax authorities to address the various taxation issues in Romania.
We provide regular reviews of the treatment applied to the various types of income and expenditure and provide support in interpreting the law to identify the best solutions.
- analysis and revision of the method of calculation for the profit tax, both quarterly and at the end of the financial year
- identifying tax treatments appropriate to our clients’ specific situations with respect to: financial and / or operational leasing contracts, accounting depreciation versus tax amortization, provisions on receivables, revaluation reserves, non-deductible expenses / non-taxable income, other significant issues.
Our VAT Services:
- registration for VAT purposes in Romania
- the organization of the fiscal record of the economic operations carried out by the non-resident company
- payment of VAT on operations in Romania on behalf of the customer
- determining the tax treatment from the VAT perspective of intra-Community transactions, possibly in consultation with collaborators from other EU states
- registration for VAT purposes for local companies
- registration in the Intra-Community Operators Register
- VAT refunds from Romania and the EU
- assistance services during tax inspections of VAT reimbursement and submission of possible appeals to the tax inspection reports
We encourage our clients to exercise their rights in relation to the tax administration and protect these rights through specialized personalized assistance.
- VAT reimbursements for foreign companies. We address both established companies in the European Union and those outside the Union who are not registered for VAT purposes in Romania and are not required to register under Romanian law and who wish to recover VAT on acquisitions in Romania in the basis of the procedures implementing the 8th and 13th European Directives respectively in the Romanian legislation.
- VAT rebates for companies registered for VAT purposes. We are addressing companies that are already registered for VAT purposes in Romania and who wish to obtain a refund of the negative VAT amounts resulting from the VAT returns deposited.
- reimbursement of withholding tax, dividend tax and capital gains tax. Assistance to determine the eligibility of our clients for the full or partial reimbursement of surplus tax withheld to the Romanian State budget in respect of income derived from non-resident companies from commissions, royalties, interest, dividends or various services. We offer similar services for the recovery of overpayment capital gains tax. Our services include a review of payments made by a Romanian company to a non-resident entity representing dividends, interest, commissions, royalties etc. as well as how they have were treated from the point of view of withholding tax.
We offer assistance during the announced or unannounced tax inspections conducted by the Romanian tax authorities in order to minimize the effects due to the issuance of negative decisions.
Our tax inspection assistance services include, among others: analyzing the legislative provisions, investigating the facts and preparing the basic arguments for formulating a possible appeal.
- services to achieve a fully independent assessment of tax issues in the debate
- preparing and formulating the arguments that can be put forward in favor of the position adopted by the client
- managing the fiscal control process, thus enabling customers to focus on the company’s usual activities
- Representing our clients in front of the Romanian tax authorities
- estimating the strengths and weaknesses of our client approach to tax issues
- assistance in the event of tax disputes
Real estate investments
We look at issues regarding the financing of real estate purchases in Romania, transfer of assets or business transfer, the application of double taxation conventions
Our services include:
- fiscal audit
- issues regarding the financing of acquisitions of real estate in Romania and fiscal structures – mergers, divisions, leasing, etc.
- transfer of assets or transfer of business
- the application of double taxation conventions on withholding taxes, dividend tax, capital gains, interest, royalties
- tax on profits – cost deductibility, transfer pricing, tax value, etc.
- vat – specific investment and real estate issues
Taking into account the large number of applicable taxes in Romania, we support companies to meet all their tax obligations, thus avoiding the calculation of additional fees, fines and penalties.
Our services include:
- identifying all local business taxes
- establishing the amounts due and making the necessary declarations
- identification of potential facilities, preparation and transmission of relevant documentation in order to benefit from such facilities
- monitoring legislative changes with impact on business activity and supporting the adoption of appropriate conduct.
Transfer prices are the prices at which transactions are made between companies that are part of the same group. The related party transaction must be terminated at market price, that is to say at the price at which a similar transaction between independent parties would have been made under comparable economic conditions. If the transaction price between affiliates is not in the market, it is considered that the profits obtained by the parties as a result of the transaction are not correctly reflected, thus affecting the taxes and fees paid.
Our services include:
- Assistance to tax inspection
- Preparing the transfer pricing file.
- Comparability analyzes.
- Revision of transfer prices.
- Documenting transfer pricing.
- Planning of transfer prices.
- Assistance in asking for an advance price agreement.
- Due diligence analysis of transfer prices.
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We are an accredited company with the right to practice by the Chamber of Tax Consultants in Romania.