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Considerations On Value Added Tax Implications On The Entity’s Performance


  • Victor Munteanu


  • Lavinia Copinschi


  • Carmen Luschi


  • Anda Laceanu



Romania has done significant progress regarding implementing European Directives on Value Added Tax, although certain notions have been taken over without adapting them to the Romanian economic environment, as well as disconnecting fiscality from accounting. Yet, current fiscal regulations don’t meet the requirements of an optimal fiscal system every time, as it is considered in economic theory. The principle of stability, for example, doesn’t belong to Romanian fiscal system and as far as simplicity is concern there is none, especially regarding VAT. Furthermore, the definition of terms used in the legislation involves a critical appreciation, justified by the fact that in some cases, the attempt to define certain terms, entails the need to address other terms. This shortfall is the result of the hurried takeover of terms from the European legislation that are “indigestible” for an adaptation of the language and customs of national conditions in the field.

Suggested Citation

  • Victor Munteanu & Lavinia Copinschi & Carmen Luschi & Anda Laceanu, 2016. "Considerations On Value Added Tax Implications On The Entity’s Performance," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(2), pages 105-111, June.
  • Handle: RePEc:khe:journl:v:8:y:2016:i:2:p:105-111

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    More about this item


    Value added tax; performance; cash flow; breakeven point; liquidity; solvency; rates of equilibrium;

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing


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