Taxes Customized solutions regarding aspects of Romanian and international tax legislation and practices, updated with the latest legislative changes relevant to your business. Tax consulting and tax efficiency optimization services We offer assistance regarding tax efficiency and answers to all questions related to taxation and representation. Individual and business tax planning and consulting. Support to facilitate a constructive dialogue with the tax authorities in order to resolve various tax-related issues in Romania. Specific consulting from the country you operate in, through the Kreston International offices in over 300 countries. We have deep knowledge of taxes and years of experience applying them worldwide. What type of tax services do you need? Services dedicated exclusively to taxes for companies, tailored to each business, ensuring tax compliance, correct administration of tax obligations and optimization of the tax burden in accordance with applicable legislation. Tax Consulting Our specialists offer you the following services: consulting on direct taxes (corporate income tax, withholding tax, local taxes) consulting on indirect taxes (VAT, excise duties, customs duties) international tax planning advice on important aspects regarding corporate income tax, permanent establishments, tax representation consulting on personal income tax and social security contributions opinions on tax matters relevant to your business facilitating a constructive dialogue with the Romanian tax authorities to resolve the various issues you face tax incentives for investments and profit repatriation dividend tax European Union directives on direct taxation assistance in preparing applications for tax refund claims consulting on adopting special tax regimes obtaining tax certificates assistance during announced or unannounced tax inspections tax consulting on mergers & acquisitions, spin-offs, transfer pricing Corporate Income Tax We carry out periodic reviews of the treatment applied to various types of income and expenses and provide support in interpreting legal provisions in order to identify the optimal solutions for your business. Our team is ready to provide assistance in the following specific areas related to corporate income tax: analysis and review of the calculation method for corporate income tax, both quarterly and at the end of the financial year identifying the appropriate tax treatments for our clients’ specific situations, with regard to: – financial and/or operational leasing contracts – accounting depreciation versus tax depreciation – provisions related to receivables – revaluation reserves – analysis of non-deductible expenses/non-taxable income – other significant aspects Tax Administration The first stage of our administration services assessing the client’s activity understanding the internal accounting and IT procedures analyzing sensitive tax matters encountered during the course of activity and any prior tax decisions that also impact current activity we then address aspects such as planning the data collection processes, information processing, and the division of responsibilities between Taxhouse and the client’s team, so that the entire administration process is clear and transparent for everyone involved VAT administrative services preparing, issuing, archiving and reviewing invoices preparing, submitting, signing and reviewing tax returns, as well as periodic reports and declarations preparing and completing VAT ledgers assistance during VAT tax inspections and filing any appeals against tax inspection reports payment instructions or payment administration Corporate income tax administrative services reviewing invoices, tax documents and data used for the calculation of corporate income tax reviewing transactions from the perspective of Romanian legislation and double taxation avoidance treaties preparing and completing VAT ledgers preparing corporate income tax/capital gains documentation – preparing and submitting semi-annual and annual corporate income tax returns, submitting tax residency certificates for non-resident clients, liaising with brokers and custodians filing refund claims for overpaid capital gains tax providing tax payment instructions, communicating with the bank where the client holds accounts, as well as with the Romanian tax authorities representing clients before the Romanian tax authorities and related correspondence VAT Our value added tax services include: VAT registration in Romania organizing the tax records of economic operations carried out by the non-resident legal entity paying VAT related to operations in Romania on behalf of the client determining the VAT tax treatment of intra-community transactions, potentially through consultation with colleagues in other EU states VAT registration for local companies registration in the Register of Intra-Community Operators VAT refunds from Romania VAT refunds from the EU assistance during VAT refund tax inspections and filing any appeals against tax inspection reports Tax Inspection Assistance Our team provides assistance during announced or unannounced tax inspections carried out by the Romanian tax authorities, in order to minimize the effects of decisions with a negative impact. These services are based on our team’s extensive experience in handling this type of issue, as well as on our long-standing collaboration with the Romanian tax authorities. We can guide you throughout the entire tax inspection process, facilitating it also through direct communication with the Romanian tax authorities on your behalf, to ensure the tax inspection process takes place in a fair manner, as well as to limit the amount of additional taxes and duties assessed following the inspection and any related penalty fines and interest. Our tax inspection assistance services include, among others: analysis of legislative provisions, investigation of the factual situation and preparation of the basic arguments for formulating a possible appeal carrying out a completely independent assessment of the tax matters under debate preparing and formulating the arguments that can be brought in favor of the position adopted by the client managing the tax inspection process, thus allowing clients to focus on the company’s usual activities representing clients before the Romanian tax authorities during final discussions with tax inspectors, with the aim of presenting the technical arguments in favor of the client’s position in a clear and convincing manner assessing the strengths and weaknesses of our client’s approach regarding the tax matters in question, in order to evaluate the chances of success in the event of a case against the Romanian tax authorities assistance in the event of possible tax disputes, should the client decide to pursue such action Fiscal Representative Our company is able to provide you with tax representation services, taking on the role of fiscal representative on behalf of our non-resident clients with regard to procedural obligations related to value added tax, based on a detailed knowledge of the Romanian tax system and excellent communication with the Romanian tax authorities. Under the fiscal representative mandate, we offer the following services: VAT registration in Romania organizing the tax records of economic operations carried out by the non-resident legal entity preparing the sales and purchase ledgers, the register of non-transfers preparing and submitting VAT returns paying VAT related to operations in Romania on behalf of the client assistance during VAT refund tax inspections assistance with deregistration from the Romanian tax records Why Choose Kreston Romania? Whether you are a local company expanding abroad or a foreign investor entering the Romanian market, we speak your language. We translate local regulations into global opportunities, ensuring your business operates seamlessly across borders. Contact Us AuditFinancial audit, internal audit, review engagements, related assurance services, international reporting, and due diligence.AccountingOutsourced accounting, financial statements, mergers and acquisitions, financial analysis, accounting expertise, and additional support services.TaxCorporate income tax, VAT, tax advisory, tax compliance, fiscal representation, tax refunds, tax inspections, and real estate investment advisory.ConsultingAdvisory services on direct and indirect taxation, international tax planning, tax incentives for investments, and assistance throughout tax inspections.PayrollPreparation of employment contracts, personnel file management, payroll calculation and payroll processing, preparation of tax declarations, and online submission to the relevant authorities.Legal SupportWe support your business from the very beginning, assisting with company incorporation, registered office changes, branch office registration, share transfers, and share capital amendments.