Accounting and taxation of the joint ventures

The book begins by developing the joint ventures theme based on the tax and accounting regulations from Romania. Joint ventures between legal entities and between legal entities and natural persons are treated theoretically preparing the scientific support for case studies that fallow. As natural persons receive incomes from joint ventures, they owe compulsory social contributions in certain conditions and are presented methods of calculation.

 The paper touches issues on joint venture between associated enterprises and transactions with associated enterprises but also on liabilities to third parties for joint ventures. The most common mistakes on joint venture contracts are presented. The case studies for the joint ventures that operate under national laws are between legal entities and between legal entities and natural persons. After treatment according to Romanian laws, the book reaches a scientific debate on joint ventures according with International Financial Reporting Standards.