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The changes brought by the year 2017
How to face the new challenges?
The year 2017 was a year of important changes, as once again the fiscal law changes represented a major topic, bringing new challenges for the business environment. Thus, one of the main changes brought to the Romanian Fiscal Code was the implementation of the European Directive 2016/1164 regarding the rules against tax avoidance practices (i.e. Anti - Tax Avoidance Directive – „ATAD”), that focuses on the operations undertaken by legal entities. On the other side, there will be significant changes at the level of the individuals as well, through the modification of the tax rates, as well as changes brought to the taxation mechanism of the social security contributions.
The legislative updates also cover fiscal procedure aspects, out of which: the interaction between the fiscal authorities and the tax payer within the administrative procedures, fiscal incentives and remedies provided by the Fiscal Procedure Code, enforcement of the administrative acts and the legal possibilities for suspending this procedure.
In addition to the above, the year 2017 may bring changes on the accounting side as well. More specifically, the changes refer to the inclusion within the national legislation of the new international financial reporting standards, IFRS 15 and IFRS 9, which will be mandatory for companies that apply IFRS in their statutory reporting.
Through this seminar we aim to achieve an analysis of the impact brought on by the new regulations, together with the challenges they can bring for your company.
08:30 – 09:00 Participants registration
09:00 – 10:30 Changes brought to the Fiscal Code (part I)
Changes regarding the Corporate Income Tax:
- New deductibility rules regarding interest expenses
- General anti-abuse rule
- Exit taxation
- New regulations regarding the foreign controlled entities (CFC rules)
- Questions and answers
10:30 – 10:45 Coffee break
10:45 - 12:30 Changes brought to the Fiscal Code (part II)
- Changes regarding the microenterprise tax
- Changes regarding the personal income tax and social security contributions
- Questions and answers
12:30 – 13:30 Lunch break
13:30 – 14:30 Implementation of IFRS 15 and IFRS 9
- Challenges regarding the implementation of IFRS 15 and IFRS 9
- Questions and answers
14:30 - 14:45 Coffee break
14:45 – 16:00 Novelties regarding the Fiscal Procedure Code
- The interaction between the fiscal authorities and the tax payer within the administrative procedures
- Fiscal incentives and remedies provided by the Fiscal Procedure Code
- Enforcement of the administrative acts and the legal possibilities for suspending this procedure
- Questions and answers
*The official language of the event is Romanian.
120 € – for the first participant
100 € – for any other participant within the same company / group
Snacks are included during the event. The participation fee does not include VAT.
The invoice for the participation fee will be issued and provided after the event.
In order to preserve the interactive nature, the seminar will have a limited number of participants. Please confirm your participation by registering here.
Oana Buhăescu - Director, Departamentul Audit , Deloitte România
Oana Buhaescu is Director at Deloitte Romania with competent knowledge of auditing and advisory services for more than 12 years. Oana has experience in auditing financial statements in accordance with the Romanian Accounting Standards and the International Financial Reporting Standards (IFRS). Oana has been also performing advisory services for financial statements in accordance with the International Financial Reporting Standards (IFRS). Oana was involved in several due diligence projects, as well as in market research and business plans.
Oana is supervising the audit team members and reviews their work, maintaining contacts with the clients, planning and execution of financial audit. She is member of CAFR and CECCAR, ACCA.
Silviu Sandache - Director of the Corporate Tax Department , Deloitte Romania
Silviu is a Director of the Corporate Tax Department of Deloitte specialized in corporate tax matters. He advises both domestic and international clients and has over 18 years of professional experience in the fields of taxation, accounting and financial reporting. He has significant international tax consultancy experience, providing advice to a wide range of major clients with a particular focus on international structuring of business portfolios, acquisitions and group restructurings, due diligence work, local corporate tax compliance, FIN 48 and deferred tax assessment, corporate tax and local tax advisory.
In the technology, media and telecommunications field, Silviu has worked on R&D tax and accounting implications/qualifications for software development and Telecom players, tax reviews, assistance during tax audits, state aid and governments grants as well as fixed assets tax optimization. Silviu is a chartered certified tax advisor, chartered accountant, ACCA member. He is also an active member of Amcham Fiscal Committee, FIC Fiscal Committee and Romanian Tax Advisory Chamber Fiscal Committee.
Simona Goje - Manager, Tax Department Cluj-Napoca, Deloitte Romania
Simona is a Manager in Deloitte Romania, acting as the local coordinator of the Tax department in Cluj –Napoca office. Simona has more than 10 years of experience in tax consultancy, her field of expertise covering direct taxes. She is specialised mainly in the area of corporate taxes (i.e. Corporate Income Tax, Withholding Tax, Dividend Tax, Local Taxes etc.), also has having experience in the area of individual taxation.
Her professional experience includes the following types of projects: tax advisory on local and international aspects, tax reviews and tax compliance, business restructuring, business restructuring and reorganisation projects, FIN 48 and deferred tax assessments, transfer pricing projects, assistance within tax inspections, as well as tax audits. Simona has worked for clients that are activating mainly in the following industries: Automotive, IT, Retail and Consumer Goods and various Manufacturing industries.
Ionescu – Donoiu Luiza – Managing Associate, Reff & Associates, member of Deloitte Legal in Romania
Luiza is Managing Associate with Reff & Associates and has been part of the legal team for the last 2 years. She serves clients primarily in Litigation practice.
With more than 8 years of experience in administrative, tax and commercial practice, she coordinates a large number of commercial and administrative litigations against national authorities and particularly tax litigation against the tax authorities.
Also, Luiza is representing a broad spectrum of industries leading companies in Arbitration litigations, competition cases and employment litigations.
Laura Husarencu – Manager, Departamentul Servicii Fiscale – Prețuri de Transfer, Deloitte România
The event will be held on December 13, 2017, at Grand Hotel Italia, (2 Trifoiului Street) Cluj Napoca. or registration, please access this link.
Mobil: +40 725 004 326
You can cancel your registration for this event, by sending an email to email@example.com not later than 5 days before the date of the event. We reserve the right to cancel the event if the minimum number of confirmations is not met. In this case you will be informed in due time.