Recovery of Recyclable Waste – Taxation and Accounting Monograph in Romania

Abstract

Solid waste management has received increasing attention due to the urgent need to fulfill with the principles of the circular economy. Romanian waste generators have the obligation to maintain waste management by type of waste. By the principle of generator pays, a tax of 2% of the value of the waste sold by the generator was imposed on the collecting company. The collection of the tax is done by stopping at the source, so the obligation to pay to the Environmental Fund is the responsibility of the authorized company to take over the waste from the generator. The added value of this paper is the combination of accounting regulations and the role of the Romanian Environmental Protection Agency in this vast area of waste recycling. The purpose of this paper was to detail the accounting records related to the sale of generated waste to the company authorized for collection.

Keywords

• solid waste management
• accounting records
• sale of generated waste