Fiscal management of romanian companies

• Author: Maria Zenovia Grigore - Mariana Gurau
• Position: Lecturer Ph.D., Faculty of Economic Sciences, 'Nicolae Titulescu' University, Bucharest - Lecturer Ph.D. student, Faculty of Economic Sciences, 'Nicolae Titulescu' University, Bucharest
• Pages: 163-174

Marian Burcea • Doru Curteanu • Razvan Mihail Papuc

163

LESIJ NO. XVII, VOL. 2/2010

FISCAL MANAGEMENT OF ROMANIAN COMPANIES

Maria Zenovia GRIGORE ∗

Mariana GUR;U ∗∗

Abstract

This paper is aimed to analyze the taxation influence upon the company’s activity. Fiscal

management is integrated into the company management and must therefore be defined in terms of

general policy objectives of the company. The efficiency of fiscal policy is an essential element of

fiscal management. This can be achieved directly (through the tax law that includes measures of

fiscal incitement) or indirectly (when the tax system offers a number of tax deductions for

expenses, the possibility to cover losses from previous financial periods, the limitation of

deductible expenses according to earnings before taxes etc.). The two forms of efficiency of fiscal

policy are placed in the calculation of relations between fiscal management, strategic planning,

tax risk and accounting. Fiscal policy should aim at the company’s research and to achieve

optimal cost of taxation. This paper analyses the methods that the companies dispose of in order to

reduce this cost.

Keywords: fiscal management, fiscal policy, fiscal efficiency, cost of taxation, fiscal

optimization.

Introduction

Fiscal instability and the great number of laws which regulate various economic activities

influence decisively the business environment from Romania.

No matter how reticent the economic agents may be at the idea of taxation, lasting existence

and in conditions of legality of a company on the market oblige them to know and observe the

fiscal legislation. Even for those economic agents who want to avoid the payment of some taxes or

charges, it is important for them to know the legislative provisions in domain in order to choose

the most legal ways in this sense.

I shall present in this paper some concrete modalities through which managers can use the

fiscal provisions in order to influence positively the company’s economic and financial

performances.

Since there are not aspects of financial and implicitly fiscal nature, which do not suppose, in

countertrade, the registration in accountancy, I considered necessary to tackle, in the first section,

the problem of the convergence between taxation and how the accounting theory can be applied in

the enterprise’s life. The role of fiscal management is to analyse the deviations resulted from the

incompatibility between the fiscal rule and the accounting one, the convergences between them, as





∗ Lecturer Ph.D., Faculty of Economic Sciences, “Nicolae Titulescu” University, Bucharest (e-mail:

mgrigore@univnt.ro)

∗∗ Lecturer Ph.D. student, Faculty of Economic Sciences, “Nicolae Titulescu” University, Bucharest (e-mail:

mgurau@univnt.ro)