Mazars Romania - Seminar on Amendments to the Tax and Accounting Legislation in Early 2011

2011 brings significant amendments to the tax and accounting legislation. The latest amendments to the Tax Code, more particularly in the sphere of social contributions, corporate tax and VAT, as well as to the accounting legislation and work relationships may exert special impact on your business.

In order to assist you in understanding all such amendments and their impact on your business, Mazaes is keen to invite you on 27 January 2011 to attend the seminar that will be structured by three sessions during which practical aspects are to be dealt with related to profit tax, income tax, tax on microenterprises income, VAT, social contributions, latest accounting rules, and frequently met taxation cases are to be analysed such as 2010 fiscal year-end closing procedures and annual stocktaking, final calculation of profit tax for 2010, calculation and declaration of social contributions in 2011, and registration of employment contracts in 2011.

The presentation and debates will take place in the Romanian language.

Lectors:

• Sorana Pintilie – Manager, Outsourcing, Payroll & HR Services Coordinator
• Vasile Dincă – Manager, Outsourcing, Accounting Services Coordinator
• Nadia Oanea – Supervising Senior, Tax Advisory Services

Subscription fee: 150 EUR (+VAT)*

* Companies registering 2 participants will receive a 10% discount and a 15% discount for registering more than 2 participants.

Location: Hotel Ramada Bucharest North (str. Daniel Danielopolu, nr. 44A)

Deadline for registration: 25 January 2011

For more information, please visit our seminar page: http://www.mazars.ro/Home/News/Events

Workshop Agenda

09.30 - 16.30

Amendments to the Tax Code and the Methodological Norms for their application, in effect in 2011, as well as practical aspects related to:

• profit tax
• tax on microenterprises income
• income tax
• VAT

Practical cases regarding:

• final calculation of profit tax - 2010
• submission and certification of annual profit tax returns for 2010
• application of the tax on microenterprises income starting 1 January 2011
• place of levying VAT – amendments applicable in 2011

Amendments to accounting regulations under Order 2869/2010:

• Order 3055 / 2009, regarding accounting regulations in harmony with European Directives
• Order 3512 / 2008, regarding financial and accounting documents

Preparation and submission of annual accounting reports:

• new 2010 fiscal year-end closing procedures
• stocktaking
• fiscal year differing from calendar year

Practical cases regarding:

• accounting treatment of bonuses invoiced after delivery
• appraisal of foreign currency elements
• the rate of exchange applicable to intra-Community acquisitions and supplies

Amendments to the social contributions included in the Tax Code:

• social contributions regulated by the Tax Code starting 2011
• limitations on the calculation base of social contributions
• exemptions from the calculation base of social contributions

One Declaration regarding social contribution and income tax payment obligations and nominal records of the insured:

• the entities obligated to fill in and submit the Declaration
• way of submission

Provisions regarding social contributions under the new Pension Law 263 / 2010:

• calculation of social contributions in the case of authorised physical persons
• provisions regarding administrators and directors

New provisions regarding work relationships and social services:

• consequences of the abrogation of Law 130 / 1999 on protective measures for employees
• child-rearing allowance (until the child is aged 2)
• submission of the declaration regarding the contribution to sick leaves and social health insurance indemnity in balance as at 31 December 2010 and unpaid until la 31 January 2011

Workshop

• presentation of the questions submitted by participants
• debate group – practical solutions to the issues raised by participants

Tags: contributions regarding accounting social amendments calculation seminar income practical mazars legislation profit

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