Legal amendments consequences which address to entities applying the income tax regime within operational activity

Abstract

The economic environment at the global level is in a continuous movement, manifesting itself as a process in perpetual evolution. The process of globalization of the former national economies and the unprecedented increase of economic-financial markets importance impose on SMEs unique challenges regarding the growth of value and the promotion of the performance. In this context, SMEs in order to become competitive must adapt as well as possible to the market, to face other entities with similar activities through quality and diversity of services, efficiency, modern management and of course optimal rates. The small entities are, therefore, forced to apply fixed rates to allow companies a budgetary certainty, this system being designed for the provision of basic services. Also, small companies, within their activity, encounter a lot of different barriers. These are characterized by different legislative changes, in all fields of activity and implicitly in the field of accounting profession. The accounting profession is subject to new demands, in the conditions of globalization and application of financial-accounting techniques worldwide. This article aims to highlight the consequences of the changes, especially frequent in recent years of legislation in the field of entrepreneurship activity, namely micro enterprises, which usually at the beginning of activity pays income tax from operational activity.

Keywords

• small and medium-size enterprises (smes)
• microenterprise
• income tax from operational activity