The fiscal effects resulted from the appliance of the IAS/IFRS on the companies in the agricultural domain.

Abstract

The new fiscal regimes, associated to the civil right reforms, significantly reduce each residual benefit compared to other entity types in what regards the entities based on an agricultural profile, to which a reduced tax regime is applied. The fiscal regime afferent to entities that operate in this regime is capable to represent a real competitive advantage especially in the presence of bigger costs, besides the fiscal obligations that their management implies. The IAS/IFRS standards represent the expression of a full-evolution process of the management information, which wants a global unique accounting norms system. Its appliance, practically, will determine therefore fiscal and accounting known involvements. This paper has as a goal to confront the new aspects introduced by this standards’ application regarding fiscal effects, the purpose being to supply the instruments needed by the economic agents to face, in an adequate way, the current economical context in which they activate. The authors’ attention is focused, mainly, on the problems that the fiscal harmonization within the EU states implies.