- Cosmin Dumitrașcu says many company problems come from weak management, poor discipline, and entrepreneurs not knowing their business or legal obligations.
- He argues that administrators should at least understand four key areas: company law, accounting law, tax code, and labor law.
- He gave examples of serious financial-accounting failures, such as missing audits, unreconciled clients/suppliers, and mismatched debts, for which the legal representative is responsible.
- He warned that companies with net assets below 50% of share capital face restrictions on dividends, loan repayments, and other financial actions.
- He also criticized frequent tax changes and said SAF-T gives the state strong visibility into firms, but does not help companies in financial distress.
Source: financialintelligence.ro
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Romania"
- Romania Eases RO e-Invoice Rules for Small Businesses and Individuals
- Romania expands taxpayer obligations regarding RO e-invoice register
- Romania Expands RO e-Invoice Registration: New Form 082, More Entities Required by 2025-2026
- Romania Enhances VAT Refund Controls with New Risk-Based Criteria
- SAF-T Reporting for Stocks and Assets: How Romanian Taxpayers Prepare for 2026 Submissions
