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
Marian Burcea • Doru Curteanu • Razvan Mihail Papuc
Maria Zenovia GRIGORE
Mariana GUR;U ∗∗
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
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
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:
∗∗ Lecturer Ph.D. student, Faculty of Economic Sciences, “Nicolae Titulescu” University, Bucharest (e-mail:

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