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Tax seminar: 

One year ends, another begins – challenges, solutions, expectations

During this seminar we propose to answer the main challenges faced by the representatives of the financial and accounting departments when closing the fiscal year. Also, we will discuss about some of the main (envisaged) changes to the European and Romanian tax legislation, which will or may impact us in the next period.

The topics proposed for our seminar will cover mainly the following areas of interest: corporate income tax, transfer pricing and value added tax, as follows:

Topics of interest for the fiscal year closing: 

  • Deduction of the borrowing costs, according to the regulations applicable since 1st of January 2018 – practical examples;
  • Deduction of the losses from the assignment of receivables;
  • The informative statement regarding the beneficiaries of sponsorship/ private scholarships;
  • Quarterly distribution of dividends – year-end settlement;
  • Risk assessment – regulations and background;
  • Practical approach of the Romanian tax authorities during transfer pricing inspections;
  • Year-end transfer pricing adjustments; 
  • Country-by-Country reporting;
  • VAT adjustment/ self-collection obligation;
  • Pro-rate computation for 2018;
  • VAT bad debt relief adjustments;
  • Recommendations on other checks and recurrent diligences from a VAT perspective.

Main (envisaged) changes to the European and Romanian tax legislation:

  • Corporate income tax consolidation;
  • Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting;
  • New IFRS’s and their implementation in the Romanian accounting legislation – potential tax implications;
  • The jurisprudence of the European Court of Justice – recent case-law;
  • European VAT reform.

Agenda

 

08:30 – 09:00  Participants registration

09:00 – 10:45  

Corporate income tax and distribution of dividends

  • Deduction of the borrowing costs, according to the regulations applicable since 1st of January 2018 – practical examples;
  • Deduction of the losses from the assignment of receivables;
  • The informative statement regarding the beneficiaries of sponsorship/ private scholarships;
  • Quarterly distribution of dividends – year-end settlement;

Transfer pricing

  • Risk assessment – regulations and background;
  • Practical approach of the Romanian tax authorities during transfer pricing inspections;

10:45 – 11:00  Coffee break

11:00 – 12:45  

Transfer pricing 

  • Year-end transfer pricing adjustments;
  • Country-by-Country reporting;

VAT

  • VAT adjustment/ self-collection obligation;
  • Pro-rate computation for 2018;
  • VAT bad debt relief adjustments;
  • Recommendations on other checks and recurrent diligences from a VAT perspective

12:45– 13:45  Lunch break

13:45– 14:45  

Main (envisaged) changes of the tax legislation with impact on direct taxes

  • Corporate income tax consolidation;
  • Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
  • New IFRS’s and their implementation in the Romanian accounting legislation – potential tax implications

14:45 – 15:00  Coffee break

15:15 – 16:00  

The jurisprudence of the European Court of Justice and VAT reform

  • The jurisprudence of the European Court of Justice – recent case-law
  • Quick fixes to specific issues regarding the trade between member states
  • Definitive VAT system. The concept of certified taxable person. Intra-union supplies.

16.00 – 17.00  New Romanian accounting provisions

 

* The event will be held in Romanian.

In order to preserve the interactive nature of the seminar, registrations will be open until January 8, 2019.

Payment details

150 € – per participant 

120  € -  for the second participant within the same company / group

Snacks and lunch 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.

Speakers:

Silviu Sandache – Director within Corporate Tax Department, Deloitte România

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.

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Mihaela Roșu - Business Process Solutions Director , Deloitte România

Mihaela Rosu is BPS Director in Deloitte Romania, having also experience in auditing and advisory services more than 18 years. She conducted audits on statutory, IFRS and US GAAP financial statements. She has also experience in implementation and testing of Sarbanes – Oxley projects.

Mihaela has served companies from various industries, such as: retail and consumer products, telecommunication and real estate.

During her career, she was also seconded to Deloitte London office, mainly conducting as Senior Manager a due diligence project for the acquisition of an online distribution company. Before joining Deloitte, she started her career in Arthur Andersen.

Qualification and training: Member of the Romanian Chamber of Certified Accountants, Member of the Romanian Chamber of Financial Auditors, Certified  Fiscal Consultant-CCFR.

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Mihaela Iacob  Senior Manager within Direct Taxation Department, Deloitte Romania

Mihaela is a Senior Manager specialized in Direct Taxation within Deloitte Romania. Mihaela has more than 12 years of experience in the taxation field, both as an consultant and within an multinational company.

She has worked for 6 years with Big4 companies covering projects ranging from international M&A, due diligences, transfer pricing,  tax reviews gaining in-depth knowledge in all tax areas. She has also worked for the telecom company, Vodafone, holding the position of Tax &Treasury Manager where she gained also a client-oriented approach and implemented projects such tax aid scheme, VAT tax ruling, M&A transactions, activity migration to SSC and SAP implementation. Mihaela has also worked in a smaller consultancy firm where she covered projects such as transfer pricing, tax reviews, tax optimizations for clients acting in IT, retail, real estate and she was also in charge with budget and people management.

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Loredana Ilea – Manager Indirect Tax Department , Deloitte Romania

Loredana is a Manager within the Tax Department of Deloitte Romania, specialized in VAT. Loredana has more than 5 years of experience in VAT, being involved in numerous projects for both local and multinational companies.

Loredana serves important players acting in various industries. Her activity focuses on a variety of projects, being involved in numerous projects of tax due-diligence, tax reviews, tax advisory, assistance during VAT audits and VAT compliance which helped her gain a broad knowledge. 

Loredana is a certified tax advisor, member of the Romanian Chamber of Tax Consultants. She holds a master’s degree in Corporate Finance. 

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Georgiana Capriță – Manager  within Tax Department, Deloitte Romania

Georgiana is a Manager in Deloitte Romania, specialized on transfer pricing matters.

Georgiana has a 7-year experience in local corporate taxation and international taxation, with emphasis on transfer pricing. Her main focus is on providing transfer pricing advice to companies acting on various industries such as consumer products, retail, wholesale and distribution industry, life science and healthcare, insurance services etc.

She graduated from the Academy of Economic Studies (ASE) of Bucharest, the Faculty of Commerce and holds a Master degree in Corporate Finance issued by the Faculty of Finance, Insurance, Banks and Stock Exchanges within ASE.

She holds an ACCA Advanced Diploma in Accounting and Business and is further attending the certificate stage in order to obtain membership of the Association of Chartered Certified Accountants (ACCA).

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Carmen Georgescu –  Senior Consultant within Tax Department, Deloitte Romania 

Carmen is a Senior Tax Consultant in Deloitte Romania, specialized on transfer pricing matters.

Carmen has a 3-year experience in taxation field, with emphasis on transfer pricing. Her main focus is on providing transfer pricing advice to companies acting on various industries such as manufacturing, consumer products, retail, wholesale and distribution industry etc.

She graduated from the Academy of Economic Studies (ASE) of Bucharest, the Faculty of International Business and Economics and holds a Master degree in International Economics and European Affairs issued by the same faculty within ASE.

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Other information

The event will be held on January 15, 2019 at at Hotel Park Inn by Radisson, (2-4 Luterană Street), Bucharest. 

Mirabela Hrior

Email: mhrior@deloittece.com

Mobile: +40 730 255 561

You can cancel your registration for this event, by sending an email to events_romania@deloittece.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.