Tax Flash No. 6/2018

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Law no. 163/2018 for the amendment and completion of the Accounting Law no. 82/1991, Companies Law no. 31/1990 as well as for the amendment of Law no. 1/2005 regarding the organization and operation of cooperatives was published in the Official Gazette 595/2018

  • Distribution of profits to shareholders or associates may be performed optionally on a quarterly basis, based on interim financial statements approved by the general meeting of shareholders or associates, as the case may be.
  • The amounts corresponding to the interim distributions are booked as receivables towards the shareholders or associates.
  • The amounts distributed during the financial year should be regularized within 60 days from the approval date of the annual financial statements.

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