Nothing Special   »   [go: up one dir, main page]
IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2012v3p104-110.html
   My bibliography  Save this article

Tax And Accounting Rules Applicable To Vehicles With Limited Taxation Treatment

Author

Listed:
  • ECOBICI NICOLAE

    (Constantin Brancusi University of Targu Jiu)

  • PALIU-POPA LUCIA

    (Constantin Brancusi University of Targu Jiu)

Abstract
In the context of the deep changes imposed by our country's integration into the European Union, it is well known that tax law has undergone substantial changes, especially in terms of value added tax. However, with the coming of the financial and economical crisis in Romania, the authorities have always been concerned with attracting additional amounts to the general consolidated budget, justification that contributed to the issue of legislative documents in order to limit the deduction of certain expenses incurred by entities not directly related to business performance, and the value added tax in respect thereof. Based on this consideration, in this paper we intend to address the accounting and tax implications that legislative changes applicable from May 1, 2009 [2], regarding the limitation of deduction right for vehicles, have on both the taxable income from a firm and on the cash assets, without omitting to analyze the changes affecting this sector since January 1, 2012 and thereafter on July 1, 2012. Therefore, the purpose of this paper concerns, on the one hand, the fiscal approach in terms of income tax and VAT for the purchase of vehicles (including leasing), fuel and operating , maintenance and repair costs thereof, and on the other hand, the accounting rules required for motor vehicles, owned or in use, subject to expense deduction limitation.

Suggested Citation

  • Ecobici Nicolae & Paliu-Popa Lucia, 2012. "Tax And Accounting Rules Applicable To Vehicles With Limited Taxation Treatment," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 104-110, September.
    • Handle: RePEc:cbu:jrnlec:y:2012:v:3:p:104-110
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2012-03/15_ECOBICI%20NICOLAE%20104-110.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ecobici Nicolae & Busan Gabriela, 2009. "Reverse Charging Purchases to Intra-Transportation Means in the Context of New Tax Regulations," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 91-108, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.

      Corrections

      All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2012:v:3:p:104-110. See general information about how to correct material in RePEc.

      If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

      If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

      If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

      For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

      Please note that corrections may take a couple of weeks to filter through the various RePEc services.

      IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.