Our services range from statutory accounting to accounting reviews and interim or year-end financial statements.
We provide a wide range of tax advisory services having a good understanding of your business industry in any area of tax such as: profit tax, VAT, individual taxation, withholding tax, dividend tax, local taxes.
Tax reviews – in an ever changing local and international tax environment and continuous evolving commercial transactions or new technologies that can disrupt a normal course a business, companies’ strategies need to become more flexible, while mitigating potential sensitive tax risk factors. Our team of tax specialists can assess your company’s tax position and identify main risks and opportunities to be addressed in order for the business to operate smoothly. We also investigate potential solutions to be implemented d and assist you until the final step of implementation.
VAT refund assistance – our team has a wide experience with representing clients throughout the entire VAT refund claim process for both local and foreign companies. Our assistance include assistance in front of the tax authorities from the moment of the request until the VAT amount is actually refunded.
Tax litigation – more and more companies face complex situations with Romanian tax authorities for defending their tax rights and obligations, while the increasing aggressiveness of the Romanian authorities have made the tax litigation process very complicated. BARIN can assist you in defending the company’s tax position in both administrative phase (tax challenge), as well as in the subsequent court proceeding phases through the involvement of specialised lawyers in tax law matters.
Tax assistance for mergers and acquisitions - a reorganisation process may trigger high tax impact that need to be assessed and managed in due time in order to ensure efficiency. We can assist you in each of the reorganisation step, including planning to actual implementation of the reorganisation process, due dilligence exercise, tax structuring, post reorganisation assistance and tax reporting.
VAT registration – we can assist you in preparing and submitting the VAT registration documentation with the Romanian tax auhtorities and offer continuous support until the VAT registration certificate is issued.
Prepare for a tax audit? – our team can replicate a similar experience of a tax audit without the real thing happening yet in order for you to be prepared and to mitigate or solve in due time some of the tax risks identified.
Tax optimisation for inventory and technological losses – our team has a wide experience with in identify optimisation solutions for the tax costs incurred by companies activating in certain industries for the inventory or technological losses incurred.
Tax assistance with ERP implementation – we know how technology can work for us or against us, so we are aware that a new ERP implementation or customisation can have a great influence of the tax reporting management system of your company. Our team can assist you in providing the IT team all relevant specifications and work together in order to implement specific tax and financial reporting within your choice ERP system (be it Oracle, SAP or a local customised ERP system).
General tax advice – we offer customised tax advice on Romanian tax legislation on any tax area of your interest by considering your specific requirements and having great industry knowledge insights that can make a difference for you.
We offer bookkeeping and accounting services, which save you from time consuming data entry and bank reconciliations. We provide, electronically, easy-to-understand financial reports with graphs within maximum 10 business days from the end of the month. All for a fixed fee with unlimited phone and email support. Accounting reviews: Besides statutory accounting, we also provide accounting reviews on a regular basis, for the companies with internal accounting team, at the management specific request.
We prepare and timely submit to authorities all tax declarations (VAT return, Corporate Income Tax return, Intrastate declaration and other tax declarations).
If you employ personnel, we can assist with the full range of payroll services from drafting of the employment contracts, registration with the labor authorities, preparation of payroll sheets and salary tax declarations. We also provide payroll consultancy.
At present, Romania has not fully adopted International Financial Reporting Standards (IFRS) for all companies. Still, the local accounting regulations are in line with IFRS. We prepare regular reports under IFRS standards, by converting the statutory reports and deliver them within 10 business days. Most frequent reports include: balance sheet, income statement and cash flow statement.
We provide accounting and financial advice, we assist with financial long-term forecasts in order to access bank financing, we offer cash management services and internal control reviews. We design for our clients the business performance indicators and management reports. Also we assist finance directors in structuring and recruiting their finance departments.
Our team is dedicated to providing your business with strategic analysis and business improvement strategies to ensure you are maximizing profitability and growing your business. We are available as a business mentor for both start up and mature businesses. Our consulting team is focused on ensuring your business is sale and investment ready and supports you in defining your exit strategy. We work with you to implement systems, procedures and processes to ensure your business is sale and investment ready at all times.
Company set up & tax registration
We offer full support in registration of your company in Bucharest area, including assistance with the decision of selecting the most suitable legal form of the entity as well as legal and tax registration formalities.
Please feel free to address any other service need to us, we will tailor a specific offer for your business.