Fiscal and Accounting Issues Concerning the Flat-Rate Tax and its Implications on the Business Environment in Romania

Lucia Paliu-Popa and Petruta-Elena Popescu
Additional contact information
Petruta-Elena Popescu: Constantin Brancusi University, Faculty of Economics, Romania
Authors registered in the RePEc Author Service: Lucia Popa Paliu

Annals - Economy Series, 2010, vol. 2, 69-82

Abstract: The introduction of flat-rate tax for companies is a novelty in the Romanian tax system, which is why businessmen' reactions were different, most of them criticizing harshly the opportunity for such a measure, arguing that during this crisis period for Romania, it may lead to the bankruptcy of tens of thousands of firms, consequently to an increase of the number of unemployed with several hundred thousands. Although the flat tax for natural persons has been applied for several decades, no legislation which has regulated this type of tax has given a definition of the flat-rate tax. Based on these considerations, in this paper we intend to address the theoretical and practical issues concerning the flat tax, in fiscal and accounting terms, together with its implications on the Romanian business environment.

Keywords: flat-rate tax; minimum tax; taxpayers; income; fiscal issues; accounting issues (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.utgjiu.ro/revista/ec/pdf/2010-02/7_LUCIA_POPA_PALIU.pdf (application/pdf)

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:cbu:jrnlec:y:2010:v:2:p:69-82

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).