Specificity of Accounting and Tax Treatments related to Triangular Foreign Trade Transactions

Considering the purpose of conducting any foreign trade transaction, which is generally limited to obtaining a commercial advantage by attracting foreign contribution with the smallest costs and considering the role of the accounting information and the need to involve it in decision-making due to its increased credibility and relevance in the eyes of internal and external users, in what follows we intend to develop accounting models specific to triangular foreign trade transactions in relation to the transport contractual relations established between the partners involved in such operations, but only after we shall first analyze the fiscal issues that influence the entries into accounts of such commercial businesses. Thus, in order to achieve the goals set through the scientific approach that targeted the accounting information and management of triangular foreign trade transactions, the research methods used were based both on general and specific approaches, using in particular documentation, case study or benchmarking, an aspect that allowed us to conclude that the study made has also acquired an empirical nature, in addition to the descriptive one, materialized in the analysis carried out on tax and accounting information from the entities performing foreign trade, a research whose information support is based, in addition to the studied literature related to the investigated field, on the tax, customs and accounting laws specific to triangular foreign trade transactions, but also on the data collected from the entities under study.