The Anniversary edition of the Romanian Accounting Profession Congress
FEE is hosting a roundtable on the “Future of VAT”
The Roundtable will discuss the EC’s Cross Border Ruling (CBR) Pilot Scheme. We consider that the scheme allows business to reduce uncertainty in the VAT treatment when considering cross-border transactions and, as such, represents a very useful facility both for business and taxation authorities. FEE believes that the CBR scheme should be continued and expanded and further publicised so that SMEs are also aware of the scheme and encouraged to use it. For more information please visit the FEE...

The works of the CECCAR Congress 2014 „New dimensions and challenges of the accounting profession: Competitiveness, Innovation and Compliance”
The works occasioned by the 20th anniversary edition of the Romanian Accounting Profession Congress are now closed. However, those of you who wish to review the presentations given during the 2-day communications and debates can consult online the communications delivered within the 5 working panels. Please go directly onto the Congress webpage, the Presentations...


IFAC prepared a video that provides an overview of the features on the Global Knowledge Gateway
IFAC prepared a video that provides an overview of the features on the Global Knowledge Gateway (www.ifac.org/global-knowledge-gateway), the portal to global accountancy knowledge, resources, and news. The video is available here:...

The Legislative Batch Related to the Audit Policy
The European Union has published in the Official Journal the legislative batch related to the audit policy. The complete text is available on the following link: http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L:2014:158:TOC Member States should transpose (adopt and publish) the provisions of the amended Directive within 2 years since its effective date, namely June 16,...


Amendments and Addendum to the Methodological Standards for the Application of Law no.571/2003
The Government decision no.421/2014 for the amendment and the supplement of the methodological standards for the application of Law no.571/2003 concerning the Fiscal Code, approved by the Government decision no.44/2004 has been published in the Romanian Official Journal no.384 of May 23, 2014. These standards broadly bring certain clarifications on the means of applying the regulations related to the tax exemption the reinvested profit and to the tax on constructions. Other clarifications relate to tax payers that use technological equipment under leasing contracts. They also detail on the means of determining the taxable basis for the tax on constructions taking into account certain specific...

FEE Newsletter June 2014
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