Accounting and Tax Issues Regarding the Subsidies
Loosely, the subsidies represent non-repayable funds received by an entity subject to the fulfillment of certain conditions, as well as the donations for investments and the overstock like tangible/intangible assets. Consequently, in most cases, the non-compliance of the conditions related to the su...
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| Format: | Article |
| Language: | English |
| Published: |
The Body of Expert and Licensed Accountants of Romania
2023-06-01
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| Series: | CECCAR Business Review |
| Subjects: | |
| Online Access: |
https://www.ceccarbusinessreview.ro/accounting-and-tax-issues-regarding-the-subsidies-a304d/download-PDF/
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| _version_ | 1797791280931012608 |
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| author | Cristina NICOLAESCU Monica BIJA |
| author_facet | Cristina NICOLAESCU Monica BIJA |
| author_sort | Cristina NICOLAESCU |
| collection | DOAJ |
| description | Loosely, the subsidies represent non-repayable funds received by an entity subject to the fulfillment of certain conditions, as well as the donations for investments and the overstock like tangible/intangible assets. Consequently, in most cases, the non-compliance of the conditions related to the subsidies entails the transformation of non-repayable funds in loans, that is in amounts that must be returned on a given due date. Exactly due to this aspect, the way in which they are followed up, reflected in the accounting and reported is very important. For the economic entities to benefit from the advantage of these amounts, those responsible for the follow-up and registration in the accounting of the operations related to the amounts/goods received as a subsidy must know the legislation well, both the one regulating the respective subsidies, and the accounting and fiscal one, for the correct highlight of these subsidies from an accounting and tax perspective. |
| first_indexed | 2024-03-13T02:17:35Z |
| format | Article |
| id | doaj.art-002664267bb647f3b1e4ebeb3e79ce68 |
| institution | Directory Open Access Journal |
| issn | 2668-8921 |
| language | English |
| last_indexed | 2024-03-13T02:17:35Z |
| publishDate | 2023-06-01 |
| publisher | The Body of Expert and Licensed Accountants of Romania |
| record_format | Article |
| series | CECCAR Business Review |
| spelling | doaj.art-002664267bb647f3b1e4ebeb3e79ce682023-06-30T11:28:44ZengThe Body of Expert and Licensed Accountants of RomaniaCECCAR Business Review2668-89212023-06-0145152510.37945/cbr.2023.05.0226688921Accounting and Tax Issues Regarding the SubsidiesCristina NICOLAESCU0Monica BIJA1"Aurel Vlaicu" University of Arad"Aurel Vlaicu" University of AradLoosely, the subsidies represent non-repayable funds received by an entity subject to the fulfillment of certain conditions, as well as the donations for investments and the overstock like tangible/intangible assets. Consequently, in most cases, the non-compliance of the conditions related to the subsidies entails the transformation of non-repayable funds in loans, that is in amounts that must be returned on a given due date. Exactly due to this aspect, the way in which they are followed up, reflected in the accounting and reported is very important. For the economic entities to benefit from the advantage of these amounts, those responsible for the follow-up and registration in the accounting of the operations related to the amounts/goods received as a subsidy must know the legislation well, both the one regulating the respective subsidies, and the accounting and fiscal one, for the correct highlight of these subsidies from an accounting and tax perspective. https://www.ceccarbusinessreview.ro/accounting-and-tax-issues-regarding-the-subsidies-a304d/download-PDF/ subsidiesnon-repayable fundsincomesexpensesgrantsaids |
| spellingShingle | Cristina NICOLAESCU Monica BIJA Accounting and Tax Issues Regarding the Subsidies CECCAR Business Review subsidies non-repayable funds incomes expenses grants aids |
| title | Accounting and Tax Issues Regarding the Subsidies |
| title_full | Accounting and Tax Issues Regarding the Subsidies |
| title_fullStr | Accounting and Tax Issues Regarding the Subsidies |
| title_full_unstemmed | Accounting and Tax Issues Regarding the Subsidies |
| title_short | Accounting and Tax Issues Regarding the Subsidies |
| title_sort | accounting and tax issues regarding the subsidies |
| topic | subsidies non-repayable funds incomes expenses grants aids |
| url |
https://www.ceccarbusinessreview.ro/accounting-and-tax-issues-regarding-the-subsidies-a304d/download-PDF/
|
| work_keys_str_mv | AT cristinanicolaescu accountingandtaxissuesregardingthesubsidies AT monicabija accountingandtaxissuesregardingthesubsidies |