Discussing Tax Control Issues at TaxEU 2014

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During the two-day TaxEU 2014 conference, Partner Ana-Maria Miron and Senior Tax Managers Lucian Barbu and Adina Vizoli, NNDKP Tax Advisory Services, approached in detail the issue of tax control.

Organized by Evensys, one of the leading players on the Romanian events market, this eighth meeting of TaxEU brought together 30 speakers, including both officials of the Ministry of Public Finance and tax and legal experts, representing the most important companies specialized in this area.

The conference brought to the attention of the participants the most recent changes to the Fiscal Code, new aspects related to VAT (both at local and community level), changes in the accounting area, anti-fraud and anti-abuse measures, new elements in the area of customs and excise duties, as well as real estate taxes.

Our colleagues’ presentations focused on the intensification of tax controls in the context in which taxpayers seek to maintain/stimulate their activities in the current market conditions, brings about additional payments to the state budget and cases of refusal of tax reimbursement. During an interactive Q&A session, Ana-Maria Miron and Adina Vizoli provided concrete solutions to specific cases that participants described.

In this context, Ana-Maria Miron believes that:

“Although some tax law modifications are necessary for economic growth and alignment to European directive requirements, their frequency and bias towards creating new sources of income for the state budget are putting bona fide taxpayers in real difficulties, instead of aiming at increasing collection rates and tackling tax evasion.”

On the second day of the event, participants had the opportunity to attend seven specialized seminars which presented case studies related to current topics from the local and European business community. Some of the aspects discussed were related to transfer pricing, tax control, difficult problems occurred in actual practice, changes in the VAT area operated at European level, tax trends.

At their seminar, NNDKP Tax Advisory Services representatives analyzed some of the issues presented during the previous day. Thus, Lucian Barbu and Adina Vizoli the various issues occurring in actual practice and the approach of the tax control teams to these different situations. They focused on aspects related to ceasing investments, free of charge policy; how to calculate accessory tax obligations; financial inducements granted for the purpose of attracting/keeping clients; the imposition of VAT as a result of subsequent customs controls; and investments assigned to a public authority or to a utilities provider.

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