Advanced Search
MyIDEAS: Login

Tax And Accounting Rules Applicable To Vehicles With Limited Taxation Treatment

Contents:

Author Info

  • 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.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.utgjiu.ro/revista/ec/pdf/2012-03/15_ECOBICI%20NICOLAE%20104-110.pdf
Download Restriction: no

Bibliographic Info

Article provided by Constantin Brancusi University, Faculty of Economics in its journal Constatin Brancusi University of Targu Jiu Annals - Economy Series.

Volume (Year): 3 (2012)
Issue (Month): (September)
Pages: 104-110

as in new window
Handle: RePEc:cbu:jrnlec:y:2012:v:3:p:104-110

Contact details of provider:
Postal: Str. Victoriei 24, Targu-Jiu, Gorj
Phone: 004 0253 211062
Email:
Web page: http://www.utgjiu.ro/fse_new/
More information through EDIRC

Related research

Keywords: vehicles/motor vehicles limited taxation treatment; VAT; non-deductible expenses; tax treatment; accounting rules;

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  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)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

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.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ecobici Nicolae).

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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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