The fiscal revolution. Romania in European context

Bucharest, Hotel Radisson Blu | October 3rd, 2018

This year edition is dedicated to the fiscal revolution. We are going to debate the consequences of the tax legislation changes in a local and European context. We will discuss topics such as Industry 4.0, coordination of tax policy initiatives, base erosion and profit shifting, virtual currency, as well as the challenges of the new economy.

The conference will bring together Deloitte Romania and Reff & Associates experts, as well as two guest speakers: Mr. Istvan Jakab, Economic Counselor at the EC in Romania and Mr. Iulian Stanciu, CEO and owner of eMag.

The event is structured in two parts, starting with a plenary session and continuing, after lunch, with workshops. While the plenary session is dedicated to recent tax changes in European context, workshops will address applied topics in an interactive manner.

Please note that the workshops will take place simultaneously, so you can register with only one workshop. The number of seats is limited and is allocated on the first-come-first-served rule. During the plenary session, simultaneous translation will be provided (Romanian – English).



Timing Topic Speakers
08:30 - 09:15 Welcome coffee and registration
09:15 - 09:30 Opening speech Dan Bădin, Tax & Legal Partner in Charge, Deloitte Romania
09:30 - 09:45 Industry 4.0 – Are you ready? Alexandru Reff – Country Managing Partner, Deloitte Romania
09:45 - 10:15 An EU view from European Commission Guest speaker: Istvan Jakab, Economic Counselor at the EC in Romania
10:15 - 11:15 Discussion panel
  • The EU legislative framework
  • Tax policy coordination initiatives (CCCTB)
  • Base erosion and profit shifting (BEPS)
  • The fourth Anti Money Laundering Directive
  • Tax collection in the digital era
  • Exchange of information
Moderator: Dan Bădin, Tax & Legal Partner in Charge, Deloitte Romania

Special guest: Istvan Jakab, Economic Counselor at the EC in Romania

Deloitte speakers: Alexandra Smedoiu, Partner – Corporate Tax; Vlad Boeriu, Partner – Indirect Tax; Andrei Burz-Pînzaru, Managing Partner – Reff & Associates
11:15 - 11:45 Coffee break
11:45 - 13:00 Discussion panel
  • The new economy: challenges & opportunities
  • Virtual currencies
Guest speaker: Iulian Stanciu, CEO and owner of eMag

Deloite speakers:
Andrei Burz-Pînzaru, Managing Partner – Reff & Associates ;
Daniel Petre, Director – Corporate Tax;
Alexandru Aparaschivei, Director – Indirect Tax
13:00 - 14:00 Lunch break
Timing Topic Speakers
14:00 - 16:00 1. Tax audits – news and practices
  • New trends regarding the tax and anti-fraud audits;
  • Suspension of the enforcement of the fiscal deeds – novelties;
  • The most recent practical approaches of tax authorities regarding the tax treatment of intra-group transactions;
  • Reclassification of financing schemes and the related tax deductibility consequences;
  • Recent practice of transfer pricing and VAT tax audits;
  • Approaches regarding transfer pricing adjustments.
Ioana Botez, Senior Manager, Transfer Pricing
Luiza Donoiu-Ionescu, Manager, Manager, Reff & Associates
Elena Geageac, Senior Manager, Senior Manager, Corporate Tax
Alexandru Stancu, Manager, Manager, Indirect Tax
2. Intra-group transactions – an all-encompassing approach
  • Taxpayers’ reactive versus proactive approach. Local TP file versus Advanced Pricing Agreement (APA), TP Policies and binding tax solutions;
  • Practical view on TP adjustments;
  • Legal exposure for shareholders.
Ciprian Gavriliu, Partner, Transfer Pricing
Loredana Ilea, Manager, Indirect Tax
Georgiana Singurel, Partner, Reff & Associates
Elena Trifa, Senior Manager, Corporate Tax
3. Tax conformity – the new rules of the game
  • Fiscal risk analysis. Compliance and implications. European landmarks;
  • Fiscal risk management from a transfer pricing and VAT perspective. New compliance obligations;
  • Management of tax function.
Andreea Artenie, Partner, Reff & Associates
Bogdan Constantinescu, Senior Manager, Transfer Pricing
Silviu Sandache, Director, Corporate Tax
Ramona Trusculescu, Director, Indirect Tax
4. E-commerce & digital markets – a tax and legal perspective
  • Legal framework for e-commerce in Romania vs. other EU countries:
    • Execution of e-commerce agreements;
    • General Terms and Conditions in e-commerce agreements.
  • Main tax and legal points of interest:
    • Consumer withdrawal rights - abusive exercise;
    • Legal difficulties in observing the general commerce framework;
    • Consumer trust in e-commerce;
    • The main tax aspects applicable to e-commerce.
  • Competition law – price forming, discounted sales, Black Friday campaigns, “marketplace” platforms;
  • Vouchers - new rules;
  • The future of taxation of digital services.
Lorena Butusina, Senior Associate Reff & Associates
Victoria Dobre, Manager, Indirect Tax
Anca Ghizdavu, Manager, Corporate Tax
Florentina Munteanu, Partner, Reff & Associates
5. EU tax legislative developments and their impact for Romania
  • The latest EU tax developments both on direct (e.g. CC(C)TB, ATAD 2 Directive, MAP convention and the treaties for the avoidance of double taxation) and indirect (definitive VAT system, vouchers directive, changes to the EU Customs Regulation) taxes;
  • The latest decisions of the Court of Justice of the European Union including the key pending cases and the legal means of capitalizing on such case law.
Alexandru Aparaschivei, Director, Indirect Tax
Daniel Petre, Director, Corporate Tax
Cristi Secrieru, Cristi Secrieru, Senior Manager, Reff & Associates
16:00 - 16:30 Networking coffee break

The participation is free of charge and is based exclusively on invitation and registration. The number of participants from the same company is limited to two.

The event will take place at Hotel Radisson Blu, on October 3rd, 2018, between 8:30 - 16:30.

For more information in relation to the conference, do not hesitate to contact us.

Andra Popa – Senior Marketing Coordinator

Mobile: +40 731 792 039

E-mail: anpopa@deloittece.com

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