Accounting and Taxation Issues Concerning the Activity of Forest Exploitation in Romania

Abstract

The activity of exploitation represents a main sector in the production process of the forest economy. This activity contains works of cropping, collection, transportation and processing of raw wood, by using production means, manuals and mechanized. The Romanian forest fund is managed by the National Department of Forests, by the forestry districts, public and private companies with legal personality, which draw up check balance, balance sheet and their own budget of incomes and expenses. The registering in accounting of the operations in the forest exploitation activity presents numerous features, given by the profile of this activity: specific documents, specific valuation and specific costs of processing. The Fiscal Code stipulates also special taxes for the forest exploitation activity, related to the fact that, there are exploited natural resources, and the activity has a major impact on the environment. In the other hand, the acquisitions and sellings of wood are placed under a special regime of taxation.

Keywords

• reverse charge
• Forest fund
• Forest exploitation
• Auction of the raw wood
• Guarantee
• Tax on the income from the exploitation of natural resources
• Environmental tax