Question
A company, profit taxpayer since 2017, recorded in 2018 a fiscal loss amounting 10,000 lei. In 2019, it recorded the following profits (cumulatively presented for
A company, profit taxpayer since 2017, recorded in 2018 a fiscal loss amounting 10,000 lei. In 2019, it recorded the following profits (cumulatively presented for the quarters):
Q 1- Q 2 | Q3 | Q4 | |
Revenues, from which | 0 | 315,000 | 540,000 |
Turnover | 0 | 270,000 | 480,000 |
Reversal of a fine paid to the tax authority | 0 | 0 | 7,500 |
Income from interest | 0 | 3,000 | 4,500 |
Revenue from dividends received from a Romanian Company | 0 | 0 | 6,000 |
Expenses, from which | 0 | 279,000 | 360,000 |
Salary fund | 0 | 160,000 | 200,000 |
Social expenses | 0 | 0 | 12,000 |
Expenses without proper justifying documents | 0 | 2,000 | 6,000 |
Gas for a rented car with mixt usage | 0 | 800 | 1,200 |
Sponsorship | 0 | 0 | 3,000 |
Penalties payable for commercial contracts | 0 | 0 | 800 |
Fines payable to tax authority | 0 | 3,000 | 7,500 |
Acquisition from inactive taxpayers | 0 | 0 | 7,500 |
Protocol | 0 | 2,000 | 4,000 |
Accounting profit | 0 | 36,000 | 180,000 |
1. Compute the profit tax payable for the 3rd quarter of 2019
2. Compute the final profit tax for the year 2019
3. State the deadline for declaring and paying the differences of profit tax for year 2019
Romanian taxation system...
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