Tratamentul contabil și fiscal al provizioanelor
Accounting and Tax Treatment of Provisions

Summary/Abstract: The issue of provisions is a controversial one because, on the one hand, applying the prudence principle imposes in many cases the use of these accounting structures, and on the other hand, limiting the deductibility of the expenses arising from their setting-up renders many business entities to avoid their acknowledgement. Another controversy generated by provisions is the one related to the value estimations occasioned by them, as well as to other subjective matters raised by their assessment and accounting. The article hereby tries to identify these issues and to provide solutions for their settlement in accordance with the accounting and tax regulations provided by the Order of the Minister of Public Finance No. 1802/2014 for the approval of the Accounting regulations regarding the individual annual financial statements and consolidated annual financial statements, as subsequently amended and supplemented, and by the Fiscal Code.

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