Related Party Transactions: A Series of Relevant Considerations

Mirela Păunescu, Adriana Florina Popa and Radu Ciobanu
Additional contact information
Mirela Păunescu: Bucharest University of Economic Studies
Adriana Florina Popa: Bucharest University of Economic Studies
Radu Ciobanu: Bucharest University of Economic Studies

CECCAR Business Review, 2020, vol. 1, issue 11, 36-43

Abstract: Lately, the legislation has introduced more requirements regarding related party transactions. Thus, the most recent regulation on this matter is the Order of the President of the National Agency for Fiscal Administration No. 3281/2020, amending the informative declaration regarding the deliveries/services and purchases made on the national territory by persons registered for VAT purposes. Its adoption resulted in an additional tick inserted in the declaration. An innocent tick has generated widespread dissatisfaction among taxpayers, especially professional accountants who, among other things, send tax returns on behalf of their clients. In this paper, we will address some common issues regarding related parties and briefly present their tax treatment, focusing on how professional accountants need to adapt to take account of new provisions or the presentation of the correct solution, despite some common practices which do not necessarily reflect the existing regulations.

Keywords: related parties; informative declaration; form 394; transfer price file (search for similar items in EconPapers)
JEL-codes: K34 (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ceccarbusinessreview.ro/related-party- ... s-a82d/download-PDF/ (application/pdf)
https://www.ceccarbusinessreview.ro/related-party- ... tions-a82a/abstract/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:1:y:2020:i:11:p:36-43

DOI: 10.37945/cbr.2020.11.04

Access Statistics for this article

CECCAR Business Review is currently edited by Robert-Aurelian ȘOVA

More articles in CECCAR Business Review from Body of Expert and Licensed Accountants of Romania (CECCAR)
Bibliographic data for series maintained by Radu CIOBANU ().