Fines for the companies that submit half-yearly accounting reports late or not at all Cover Image
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Amenzi pentru companiile care depun cu întârziere raportările contabile semestriale sau nu le depun deloc
Fines for the companies that submit half-yearly accounting reports late or not at all

Author(s): Alina Andrei
Subject(s): Law and Transitional Justice, Accounting - Business Administration
Published by: Editura Solomon
Keywords: Fines; accounting reports; Delays;

Summary/Abstract: Timely filing of accounting reports is not only a responsibility but also a legal obligation for companies. Delays or omissions in submitting these types of reports to the authority can attract fines that vary from several hundred to several thousand lei, according to Romanian legislation. Beyond sanctions, failure to comply with fiscal or accounting obligations can also generate reputational risks, and sometimes it can even be privileged as an alarm signal, which draws the attention of the tax authorities to the respective companies.

  • Issue Year: 2023
  • Issue No: 4
  • Page Range: 241-242
  • Page Count: 2
  • Language: Romanian