Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully represented ENEL (E-Distributie Banat) in a complex tax dispute relating to the possibility of the taxpayer deducting the value of tax depreciation for tangible assets (electricity grid connectors) acquired from the company’s clients through transfer, for the calculation of corporate income tax. Initially, tax authorities rejected this possibility based on the way in which the company acquired the connectors (free of charge) and considering the existence of accounting depreciation rules different from the tax depreciation rules that were used.
Ciprian Păun, Partner and Co-head of NNDKP’s Cluj-Napoca office, participated as a speaker in the debate “The Passion of Sisyphus: probation in tax law”, organized by the legal platform Juridice.ro on 30 March 2022.
This article was prepared for and first appeared in Which Lawyer in Romania 2021