Tax Services

Accounting & Audit Professional Services’s tax advisory practice comprises international and local tax expertise and customs, VAT, individual taxation and human resources specialists. They are able to specialize in all areas of the tax, including:

    • Corporate Taxation

The team has extensive experience in advising clients based on Romanian laws and their interpretation by tax authorities, as well as their interrelation with international regulations and treaties. Our specialists are highly qualified to advise on all aspects of inward investments in Romania, and the structuring of those investments in terms of profit tax, withholding tax, dividend tax and local tax regulations. The team provides proactive advice on international tax planning and structuring; mergers and restructuring, and undertakes company health checks and assistance with tax authorities (during tax inspections, and lodging of objections). Services available include:

        - General tax advice:
          - Analyze of the clients’ transactions, contracts, investments etc;
          - Tax optimization of the client’s fiscal and financial activity;
          - Identify potential exposures our clients and find solutions for effective minimization of risks.
        - Local Tax Planning and Structuring:
          - Tax advice with respect to organization of multinational groups in a tax efficient manner, and assistance in the implementation of the advice, according with the local legal point of view.
        - Financial services:
          - Providing tax advice and assisting the clients in the fields of banking, leasing, insurance or capital markets.
        - Monitories the Bookkeeping services:
          - Monitories the Books prepared in house and check up the financial statements and tax returns.
        - Tax reviews:
          - Assessing the company’s general compliance with the relevant Romanian tax legislation.
        - Assistance with the tax authorities:
          - Assistance during the tax audits;
          - Objections to control minutes;
          - Drafting letters to the authorities.

 

    • Indirect Taxation

Our indirect tax specialists have extensive experience in resolving complex issues related to indirect taxes, customs procedures and foreign trade. Services available include:

        - VAT consultancy and tax reviews;
        - VAT planning and efficiency schemes for domestic and cross-border operations;
        - assistance with standard and fast VAT refund procedures;
        - assistance during tax inspections;
        - support and advice during appeals;
        - tax planning for minimizing import duties;
        - implementation of temporary customs regimes;
        - authorized exporter status and simplified customs procedures implementation;
        - use of bonded warehouses and customs-free trade zones;
        - intellectual property rights; obtaining import/export licenses;
        - assistance during customs clearance and audits;
        - support during customs litigation or complaints;
        - advice regarding excise tax and assistance in obtaining tax warehouse authorizations;
        - Excise tax reviews;
        - Excise tax surveys in the EU member states-harmonization process.

 

    • Integrated Personnel Solutions

Our company brings together all of the professionals working in the human resource consulting arena – specialists in individual tax, payroll, benefits, assessment, education, equity, reward, staffing, regulatory, legal, and process management – offering clients an unmatched breadth and depth of local and global expertise. Services available includes:

        - individual advice, ranging from assistance with obtaining work and residence permits, to advice and assistance with all matters regarding Romania’s personal income taxation legislation;
        - executive recruitment and selection;
        - salary surveys;
        - outplacement and human resources audit.