Concrete Aspects Regarding the Imputation of Current Tax Receivables in Insolvency Proceedings

Marioara Mirea () and Cristina Stroie ()
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Marioara Mirea: “Ovidius†University of Constanta
Cristina Stroie: National Union of Insolvency Practitioners in Romania

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 2, 554-558

Abstract: This paper captures the practical aspects in terms of tax treatment of the receivables arising subsequent to the initiation of insolvency proceedings, during the observation period, in judicial reorganization or bankruptcy proceedings. These issues are treated from a fiscal perspective, as new periods. During the observation, reorganization or bankruptcy period, an insolvent company is subject to the Law on insolvency prevention and insolvency proceedings. On the other hand, the provisions of the Fiscal Procedure Code, as applied by the tax creditor, govern an individual procedure for the recovery of receivables while the Law on insolvency prevention and insolvency proceedings refers to a collective procedure for the recovery of receivables.

Keywords: bankruptcy; reorganization proceedings; observation proceedings; tax creditor (search for similar items in EconPapers)
JEL-codes: G33 K34 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xvi:y:2016:i:2:p:554-558

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