Importance of Cost Method in Determining the Taxable Value
Importance of Cost Method in Determining the Taxable Value

Summary/Abstract: One of the most controversial laws changed and our country is recognized as the Law 227/2015 Fiscal Code. Often witnessing changes or additions to this law, sometimes even before it enters into force. The theme of our discussion of this research paper can be found in Law 227/2015 addressed, Title IX - Local Taxes, Article 460 - Calculation of tax / tax on buildings owned by legal entities. Based on paragraph 5 of Article 460 under which the taxable building owned by the enterprises is given after three years of the acquisition, the value resulting from an evaluation report, we ask ourselves, considering the degree of subjectivity recognized assessment, how that amount can be influenced through the evaluator's opinion. With our empirical study we conducted demonstrated how, thanks to intervention by the standard by GEV 500, the taxable amount, although the assessment is subjective, can be influenced to determine the level of tax.

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