IMPACT OF VAT ON THE PROFITABILITY AND THE CASH FLOW OF ROMANIAN SMALL AND MEDIUM ENTREPRISES
The options available to taxpayers make tax systems attractive and give them an opportunity to choose one system or another after a careful analysis of the fiscal advantages and disadvantages of each choice. A small or medium company has to explore the options available, whether that is VAT registra...
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| Format: | Article |
| Language: | English |
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Nicolae Titulescu University Publishing House
2014-05-01
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| Series: | Challenges of the Knowledge Society |
| Subjects: | |
| Online Access: | http://cks.univnt.ro/uploads/cks_2014_articles/index.php?dir=07_finance_accounting%2F&download=CKS+2014_finance_accounting_art.069.pdf |
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| author | Maria Zenovia GRIGORE Mariana GURĂU |
| author_facet | Maria Zenovia GRIGORE Mariana GURĂU |
| author_sort | Maria Zenovia GRIGORE |
| collection | DOAJ |
| description | The options available to taxpayers make tax systems attractive and give them an opportunity to choose one system or another after a careful analysis of the fiscal advantages and disadvantages of each choice. A small or medium company has to explore the options available, whether that is VAT registration or de-registration or choosing the best VAT special scheme. VAT optimisation is particularly interesting because of the high cash flow involved and because of the cash flow benefits that can be obtained. This paper presents an analysis of VAT costs and their impact on profitability and cash flow of small and medium enterprises. We also analysed specific mechanisms to improve profitability and cash flow through VAT optimisation. |
| format | Article |
| id | doaj-art-a6a25afec9324abab0c79e87d5559b03 |
| institution | Kabale University |
| issn | 2068-7796 2068-7796 |
| language | English |
| publishDate | 2014-05-01 |
| publisher | Nicolae Titulescu University Publishing House |
| record_format | Article |
| series | Challenges of the Knowledge Society |
| spelling | doaj-art-a6a25afec9324abab0c79e87d5559b032024-12-02T03:18:37ZengNicolae Titulescu University Publishing HouseChallenges of the Knowledge Society2068-77962068-77962014-05-0141654663IMPACT OF VAT ON THE PROFITABILITY AND THE CASH FLOW OF ROMANIAN SMALL AND MEDIUM ENTREPRISESMaria Zenovia GRIGORE0Mariana GURĂU1Associate Professor, PhD, Faculty of Economic Studies, “Nicolae Titulescu” University, Bucharest (e-mail: mgrigore@univnt.ro).Lecturer, PhD, Faculty of Economic Studies, “Nicolae Titulescu” University, Bucharest (e-mail: marianagurau@univnt.ro).The options available to taxpayers make tax systems attractive and give them an opportunity to choose one system or another after a careful analysis of the fiscal advantages and disadvantages of each choice. A small or medium company has to explore the options available, whether that is VAT registration or de-registration or choosing the best VAT special scheme. VAT optimisation is particularly interesting because of the high cash flow involved and because of the cash flow benefits that can be obtained. This paper presents an analysis of VAT costs and their impact on profitability and cash flow of small and medium enterprises. We also analysed specific mechanisms to improve profitability and cash flow through VAT optimisation.http://cks.univnt.ro/uploads/cks_2014_articles/index.php?dir=07_finance_accounting%2F&download=CKS+2014_finance_accounting_art.069.pdfVAT optimizationspecial VAT schemesthe compliance costsprofitabilitycash flow. |
| spellingShingle | Maria Zenovia GRIGORE Mariana GURĂU IMPACT OF VAT ON THE PROFITABILITY AND THE CASH FLOW OF ROMANIAN SMALL AND MEDIUM ENTREPRISES Challenges of the Knowledge Society VAT optimization special VAT schemes the compliance costs profitability cash flow. |
| title | IMPACT OF VAT ON THE PROFITABILITY AND THE CASH FLOW OF ROMANIAN SMALL AND MEDIUM ENTREPRISES |
| title_full | IMPACT OF VAT ON THE PROFITABILITY AND THE CASH FLOW OF ROMANIAN SMALL AND MEDIUM ENTREPRISES |
| title_fullStr | IMPACT OF VAT ON THE PROFITABILITY AND THE CASH FLOW OF ROMANIAN SMALL AND MEDIUM ENTREPRISES |
| title_full_unstemmed | IMPACT OF VAT ON THE PROFITABILITY AND THE CASH FLOW OF ROMANIAN SMALL AND MEDIUM ENTREPRISES |
| title_short | IMPACT OF VAT ON THE PROFITABILITY AND THE CASH FLOW OF ROMANIAN SMALL AND MEDIUM ENTREPRISES |
| title_sort | impact of vat on the profitability and the cash flow of romanian small and medium entreprises |
| topic | VAT optimization special VAT schemes the compliance costs profitability cash flow. |
| url | http://cks.univnt.ro/uploads/cks_2014_articles/index.php?dir=07_finance_accounting%2F&download=CKS+2014_finance_accounting_art.069.pdf |
| work_keys_str_mv | AT mariazenoviagrigore impactofvatontheprofitabilityandthecashflowofromaniansmallandmediumentreprises AT marianagurau impactofvatontheprofitabilityandthecashflowofromaniansmallandmediumentreprises |