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The tax treatment of uncollected invoices changes - the debt cancellation is fully deducted, but its recovery is penalized

Copyright © Alexandra Smedoiu - Deloitte Consultanta

The tax treatment of uncollected invoices changes - the debt cancellation is fully deducted, but its recovery is penalized

DELOITTE CONSULTANTA SRL

11 Dec 2020

Opinion material by Alexandra Smedoiu, Fiscal Services Partner, Deloitte Romania

Commercial companies that face problems in collecting invoices will benefit, from next year, from an improvement in the conditions in which they can deduct their losses from uncollected receivables from customers.

For more information, please see the Romanian version of the article, here.

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Tags : fiscal , uncollected invoices , debt cancellation , deducted , Alexandra Smedoiu , losses

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