Concrete Aspects Regarding the Imputation of Current Tax Receivables in Insolvency Proceedings

Concrete Aspects Regarding the Imputation of Current Tax Receivables in Insolvency Proceedings

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This paper captures the practical aspects in terms of tax treatment of the receivables Pet Bed arising subsequent to the initiation of insolvency proceedings, during the observation period, in judicial reorganization or bankruptcy proceedings.These issues are treated from a fiscal perspective, as new periods.During the observation, reorganization or bankruptcy period, an insolvent company is subject to the Law on insolvency prevention and insolvency proceedings.

On the other hand, the provisions of the Fiscal Procedure Code, as applied by the tax creditor, govern an individual procedure for Romper the recovery of receivables while the Law on insolvency prevention and insolvency proceedings refers to a collective procedure for the recovery of receivables.