Year-end checklist and tax legislative news 

What obligations, opportunities or risks arise in the context of closing of the fiscal year? What news does the tax legislation bring and what implications can it have for Romanian companies?

Usually, at the end of the year, the financial - accounting departments focus on fulfilling the declarative obligations, but specific checks are recommended, that can generate both new reporting obligations as well as new opportunities.

Deloitte Romania experts are pleased to invite you to the seminar „Year-end checklist and tax legislative news” dedicated to closing of the fiscal year, which will address the potential implications on companies from the perspective of corporate tax, transfer pricing, VAT and taxes to the Environmental Fund.

We are looking to receiving your questions at: mabelova@deloittece.com. 

Agenda

08:30 – 09:00  Welcome coffee & registration 

09:00 – 10:45  Year-end related aspects (Part I)

·       The inventory process and the associated fiscal risks

·       Technological losses

·       Service contracts and documentation obligations

·       Recommendations regarding other periodic checks / due diligence from the VAT perspective

10:45 – 11:00  Coffee break

11:00 – 12:30  Year-end related aspects (Part II)

·       Sponsorship payments - the calculation of the tax credit under the new rules

·       Fiscal facility for research and development activities

·       Collaboration with non-residents - tax withholding on sources and declarative obligations

Taxes to the Environment Fund

·       Legislative news

·       Practical cases and sensitive issues

·       Tax inspections of the Environmental Fund Administration

12:30 – 13:30  Lunch break

13:30 – 14:30 Transfer pricing related aspects

·       Fiscal obligations in the transfer pricing area - transfer pricing file and "Country-by-Country" Reporting

·       Tax audits - risk factors, practices and approaches

·       Tools for avoiding double taxation due to transfer pricing adjustments

·       Voluntary transfer pricing adjustments

·       Advance pricing agreement - a proactive approach to avoid future disputes with the tax authorities

14:30 – 14:45  Coffee break

14:45 – 16:00  Legislative news

·       Quick fixes (quick VAT solutions)

·       The case law of the European Court of Justice - recent cases

·       Directive on administrative cooperation in tax matters (DAC 6)

·       Tax treatment of hybrid entities and transactions (ATAD II)

·       Government Emergency Ordinance no. 114/2018

·       Bill on undercapitalized companies

·       Bill on fiscal consolidation and fiscal residence

·       News and implications of Brexit

Payment details

150 € – per participant 

Snacks and lunch are included during the event. The participation fee does not include VAT.

A 10% discount is granted for at least two participants from the same company.

The invoice for the participation fee will be issued and provided after the event.

Deloitte Romania experts

Dan Bădin – Tax & Legal Partner-in-Charge 

Dan Bădin is currently the Tax&Legal Partner in Charge for Deloitte Romania. Dan has over 20 years of professional experience, specializing in corporate and international taxation. He is actively involved in taxation advice on various aspects of investments in Romania, providing tax assistance to clients in the various industries. He has coordinated over the time numerous projects both locally and internationally.

Dan was involved in complex projects, his professional experience including a wide array of projects from assistance during complex transactions and tax audits, to assistance in group restructuring.

Dan holds a Bachelor in Finance and Banking degree from the Academy of Economic Studies in Bucharest, Romania, and a post-graduate degree in Banking Management. He is also qualified as a tax consultant under Romanian law and is a member of International Fiscal Association.

Alexandra Smedoiu - Partner, Corporate Tax

Alexandra is Partner in charge with the corporate income tax practice of Deloitte Romania; she specializes in advising multinational companies and local entrepreneurs on local tax matters, as well as international tax structures. She holds a Bachelor’s Degree in International Business and Economics and a Master’s Degree in International Project Management.

Alexandra was involved in a variety of international tax structuring projects, business reorganizations, mergers & acquisitions, corporate income tax consultancy projects, due diligences, transfer pricing reviews etc.

She is a regular speaker at business events, writer of specialty articles and expert opinions in local newspapers, as well as a trainer at numerous internal and external trainings on various tax topics. She was also extensively involved in advocacy matters related to tax legislation applicable to banks, investment funds and insurance companies.

Alexandra is a Chartered Financial Analyst chart holder and a Vice-President of CFA Society Romania, a non-profit organization that reunites top professionals in the financial services industry. She is also a member of the Association of Chartered Certified Accountants (ACCA), a member of the Chartered Institute of Taxation (CIOT UK) and a member of the local Chamber of Tax Consultants.

Adrian Teampău – Director, Indirect Tax

Adrian is Director within the Indirect Tax Department of Deloitte Romania, specialized in consultancy on VAT and environmental matters as well IT automations.

Adrian is active in advisory field for over 14 years, delivering various tax projects for multinational companies in manufacturing, automotive, real estate, pharma, retail and consumer goods.

Currently, Adrian concentrates on development and delivery of services on environment matters such as taxes due to the environmental fund, reusable packages, procedures, trainings.

Adrian also develops IT applications that automate tax processes with the aim of increasing tax efficiency and reducing tax risks.

Adrian is a member of the working groups of FIC and AmCham Romania, discussing and proposing draft legislation on tax matters. Adrian has a diploma in Economics with the Romanian-American University and is a member of the Romanian Chamber of Tax Consultants.

Ioana Botez – Senior Manager, Transfer Pricing

Ioana is Senior Manager at Deloitte Romania, specialized in Transfer Pricing.

She has 12-year experience in advising local and multinational companies on transfer pricing, Romanian and international taxation. She also has an experience of 4 years in the accounting field. She has an extensive experience in preparing transfer pricing reports for clients activating in industries such as: Retail, Consumer Products, Pharma, Service Companies, Automotive, Energy etc.

Ioana holds a Bachelor Degree in Accounting and Management Information Systems and a Master degree in Business Administration. She is a member of the Romanian Chamber of Tax Consultants.

Anca Ghizdavu – Manager, Direct Tax

Anca is Manager within the Direct Tax department, having expertise in several industries, such as: financial services, pharmaceuticals and medical products industry, etc.

Anca is an authorized tax consultant and member of the Romanian Chamber of Tax Consultants. In addition, Anca holds the ADIT (Advanced Diploma in International Taxation) certificate issued by the International Taxation Institute of the United Kingdom.

Anca has been involved in various tax consultancy projects for both Romanian and foreign companies, tax reviews, restructuring of business models, due diligence projects, assistance during tax controls, and assistance in accessing the available tax facilities in Romania.

Anca is a graduate of the Academy of Economic Studies in Bucharest - Faculty of Finance, Insurance, Banks and Stock Exchange and has a master's degree in Financial Management and Capital Markets.

Adelina Grosu – Manager, Transfer Pricing

Adelina is a Manager within the Tax department of Deloitte Romania, with a professional experience of almost 6 years in the field, being specialized in transfer pricing.

Adelina carried out documentation projects on transfer pricing for intra-group transactions for multinational companies and assisted clients in tax audits.

In addition, Adelina has been involved in various projects of preparation and review of transfer pricing documentation, tax consultancy for international and local company groups, restructuring projects, as well as draft transfer pricing agreements in advance. Her main areas of expertise cover industries, such as: TMT, retail and manufacturing.

Laura Tomescu – Manager, Corporate and International Tax

Laura is Manager within the Tax department of Deloitte, specializing in direct taxes, working for major clients active on both the Romanian and international markets. The diversity of projects she has taken part in (due diligence, business and group restructuring operations, ad-hoc advisory, tax compliance work etc.) has strengthened her professional skills and has enabled her to tailor solutions to the clients’ needs.

She is specialized in the TMT and Energy & Resources industries.

Laura has a bachelor degree in Law (University of Bucharest) and in International Law and European Studies (Université Paris I Panthéon-Sorbonne). She obtained her Master’s degree in European Business Law (Université Paris I Panthéon-Sorbonne) and is currently working towards achieving an Advanced Diploma in International Taxation (ADIT).

Iulia Bică – Manager, VAT

Iulia is Manager within the Tax Department of Deloitte Romania, specialized in VAT. She has an experience of more than five years on VAT advisory projects, tax reviews, tax litigations, as well as tax representation in front of the tax authorities.

At the moment, she is focused on real estate and energy & resources industries.

She graduated a master class in Business Administration at the Academy of Economic Studies from Bucharest.

Silvana Balea – Manager, VAT

Silvana has more 6 years of experience in the area of VAT, starting her career within Deloitte Romania.

She was involved in providing VAT consultancy and compliance services to a wide range of companies acting in industries such as manufacturing, financial services and real estate.

She was also involved in assisting various clients (including from the FS sector) during VAT/general tax audits. In some cases, she was directly involved in representing the client in front of the tax authorities, on a daily basis during the audit.

Silvana graduated the Faculty of Finance, Insurance, Banking and Stock Exchange and holds a master degree in Banking and Insurance.

She is also a member of the Romanian Chamber of Tax Consultants.

Other details

The event will be held on February 18, 2020 at "The Mark" building, Deloitte Romania headquarters,  (82-98 Griviței Road, 010735), 14th floor, Bucharest.

For more information about this event, please don't hesitate co contact us.

Maria Belova

Email: mabelova@deloittece.com

Mobile: +40 733 003 850

You can cancel your registration for this event, by sending an e-mail to: mabelova@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.