Deloitte Tax & Legal Conference Timisoara: Companies in the Western region, among the most exposed to the legislative changes regarding intra-EU transactions

The European regulations with an impact on intra-Community transactions, which entered into force earlier this year, the impact of GEO 114/2018 on the business environment and trends in tax inspections are among the main topics which were discussed during Deloitte’s Annual Tax & Legal Conference in Timisoara, held on Thursday, January 16, 2020.

"Companies in the Western region, due to their favorable location, concentrate a high volume of intra-Community transactions. This is why they are among the most exposed to the legislative changes adopted on European level. The new regulations on value added tax, DAC 6, the latest directive on administrative cooperation in the field of taxation and the uncertainties related to Brexit are some of the topics discussed with the business community in the region, so that companies can easily adapt to the new legislative requirements,” said Vlad Boeriu, Indirect Tax Partner, Deloitte Romania.

”The increasingly complex tax legislation requires companies to make additional efforts in order to comply, with significant costs for the business. Therefore, we aim to support the local business community, addressing issues arising from legislative changes. Tax inspections continue to be a major challenge for companies and that is why we paid more attention to this topic during the conference and why we will treat this issue with priority, upon our clients’ request,” said Raluca Baldea, Indirect Tax Director, Deloitte Romania, and Lead Coordinator of the Tax Department in Timisoara.

During the conference, the speakers debated the most important fiscal aspects of 2019, on a national and European level, the changes brought to the legislation and their implications on the activity of companies operating on the Romanian market. Also, Deloitte representatives presented to the participants the regulations which entered into force on January 1, 2020, as well as the major projects debated in the EU, which are expected to have an important impact on the Romanian companies, once approved.

The speakers in the plenary session of the Deloitte Tax & Legal Conference in Cluj-Napoca were Vlad Boeriu, Indirect Tax Partner, Ciprian Gavriliu, Transfer Prices Partner, Alina Mirea, Audit Partner, Raluca Baldea, Indirect Tax Director, Mihaela Popescu-Ichim, Direct Tax Director, Monica Țariuc, Global Employer Services Senior Manager, Andreea Șonei, Tax Manager, and Andreea Artenie, Partner at Reff & Associates, the law firm representing Deloitte Legal network in Romania.

During the workshop that followed the plenary session, the speakers presented practical aspects related to fiscal inspections, unexpected checks and contributions due to the Environment Fund.

Deloitte Romania opened its regional office in Cluj-Napoca in 2008, which provides audit, tax and legal services.

Deloitte provides worldwide audit, consulting, legal, financial advisory, risk advisory, tax and related services to public and private clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500 companies through a globally connected network of member firms in more than 150 countries and territories, bringing world-class capabilities, insights, and high-quality service to address clients' most complex business challenges. Deloitte's goal is to make an impact that matters through its more than 312,000 professionals.

Deloitte Romania is one of the leading professional services organizations in the country providing, in cooperation with Reff & Associates, services in audit, tax, legal, consulting, financial advisory, risk advisory, business processes as well as technology services and other related services, through more than 1,700 professionals.