In the Official Gazette no. 595 of 12.07.2018 was published the Law no. 163/2018 for the modification and completion of the Accounting Law no. 82/1991, the amending and completing of Law no. 31/1990, as well as the amending of Law no. 1/2005 regarding the organization and functioning of the cooperative.
Therefore, the following changes were made:
- Changes are brought regarding the distribution of profits, within companies. As such, the period when the distribution of dividends to the shareholders or associates can be made modifies, respectively this can be realized also quarterly (by option) not only annually, after closing the financial exercise;
- Regarding the quarterly distributions of dividends, interim financial statements will be prepared;
- The regularization of the amounts distributed will be performed after the approval of the annual balance sheet.
CONTACT
Iulia Vlasceanu
Tax Consultant | Accace Romania
Tel: +40 314 050 440
E-mail: iulia.vlasceanu@accace.com
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