Study Regarding the Legal, Accounting and Tax Treatment on the Liquidation of the Company

Negrutiu Magdalena () and Calota Traian-Ovidiu ()
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Negrutiu Magdalena: Titu Maiorescu University, Bucharest, Romania
Calota Traian-Ovidiu: Titu Maiorescu University, Bucharest, Romania

Journal of Business Economics and Information Technology, 2015, vol. 2, issue 1, 1

Abstract: The latest legal regulations which became effective in June 2008, but amended and supplemented up to date, significantly shortened the time required for the deregistration of a company. Winding / liquidation procedure may be voluntary or required by circumstances. From a legal point of view, it is regulated, but there are problems in terms of accounting and tax matters. From an accounting perspective, the consequences are different in case of LLCs, if they have one or more partners. In tax terms, it is necessary to study each item of equity capital, from its establishment until its liquidation.

Keywords: decision of voluntary dissolution / liquidation; liquidation legal formalities; corporate tax; income tax from liquidation; liquidation balance; decision of net accounting asset allocation (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:jbu:jbeitt:1407

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