ACCOUNTING TREATMENT FOR MICRO-ENTITIES LEVEL SINCE 2014

In this paper is presented, based on amendments to the Tax Code of the Government Emergency Ordinance no. 102/2013, the accounting treatment that is applied by micro-entities from Romania, especially to the revenues from foreign exchange. That is because it is influenced by the new changes applied from January 1st 2014. More specifically, these changes have excluded from taxable income base of micro foreign exchange income and financial income as a result of the settlement of claims and liabilities in lei, according to a currency different from that to which was originally recorded, on the one hand, opposing the inclusion in the taxable only in the fourth quarter of the difference between income from favorable foreign exchange and foreign exchange expenditure, ie the difference between financial income recorded due to the settlement of claims and liabilities in lei, according to a currency different from that to which they were originally recorded, and financial expenses related, cumulative registered early.