Substance Over Form In A Romanian Book-Tax Approach

Costel Istrate

Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), 2011, vol. 2011SE, 29-39

Abstract: The relationship between accounting and taxation in has experienced a rapid and dramatic evo- lution since 1990. In 20 years, Romania passed through evolutions that required several decades in developed countries. In a very partial analysis of this development we choose to identify tax effects of accounting rule of substance over form. The starting point of our research is the Romanian accounting standards, which list some implications of the substance over form rule. We note that, as expected, the tax rule does not overlap exactly on the accounting rule. In this context, we insist on some cases: lease-back agreements, the recognition of sales of goods. In these developments, we should note that, sometimes, there are different fiscal and accounting solutions, sometimes solutions are identical.

Keywords: substance over form principle; book-tax connection; lease-back; revenues (search for similar items in EconPapers)
JEL-codes: M41 M49 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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