Fiscal and Book-Keeping Issues Regarding Financing Through Leasing System in European Context

Paliu-Popa, Lucia (2008): Fiscal and Book-Keeping Issues Regarding Financing Through Leasing System in European Context. Published in: Annals of the „Constantin Brâncuşi” University from Târgu Jiu, Economy Series No. 1 (17 March 2008): pp. 271-284.

Abstract

The legislative modifications, both in accounting/book-keeping and fiscal manner, influenced the leasing which is known in our country as a modern financing technique for investments, beeing thus an alternative of economical entities financing. Starting from the rules imposed to nobanking financial institutions which evolve the credit activity through leasing, related to organization and their operation, in this work i will try to do a parallel between the topic registration accounting system and the system used before the 1 st january 2006, both to lodger and to owner, by studing the influence made on the balance sheet situations and the account of profit and loss, pointing also the taxing dificulties appeared same time with Romania adherence to European Union, related to profit taxation, value added tax, and the local duties, to the entities level which achieve leasing operations or acquire fixed assets in leasing conditions.

• Item Type: MPRA Paper
• Language: English
• Keywords: leasing, profit taxation, value added tax, the local duties
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy > O23 - Fiscal and Monetary Policy in Development; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M4 - Accounting and Auditing > M41 - Accounting; H - Public Economics > H8 - Miscellaneous Issues > H87 - International Fiscal Issues ; International Public Goods; H - Public Economics > H3 - Fiscal Policies and Behavior of Economic Agents

References

Paliu-Popa, L. - Financial Accounting harmonized, vol. I, Romanian Spirit Publishing, Craiova, 2001;

Pântea, P.I., Bodea, G. - Romanian Financial Accounting comply with European Directives, The second edition , Intelcredo Publishing, Deva, 2007;

XXX - Law no. 571/2003 on the tax code with subsequent amendments;

XXX - Order of ministry of public finances no. 1752/2005 on accounting rules in accordance with European directives, with subsequent amendments.