MERGERS OF COMPANIES IN ROMANIA – SHORT LEGAL, TAX AND ACCOUNTING APPROACH INCLUDING THE RECENT CHANGES IN LEGISLATION
MERGERS OF COMPANIES IN ROMANIA – SHORT LEGAL, TAX AND ACCOUNTING APPROACH INCLUDING THE RECENT CHANGES IN LEGISLATION

Summary/Abstract: The complexity of the merger is reflected not only in its legal regime but also in its tax and accounting implications that must be taken into account before two or more companies decide to merge, in order to restructure their business. For this it is important to know the legal frame of the merger and the procedure of the merger that implies preliminary accounting operations, drafting and publicity of the merger report, approval of the merger by the shareholders and its registration based on a court decision within the register of commerce. Nullity of the merger is possible but only under certain limits and there still needs to be regulated as the merger from an accounting and tax point of view. The merger is neutral from a tax of view and one of its recent benefic consequences is that the financial losses can be recovered.

• Details
• Contents