ro fr
universul juridic magazin

Tax regime of trust

The finding of the useful character of the Trust must take into consideration both its civil regime and its tax regime. It is true that many times the usefulness ofthe Trust is expected from its tax regime, but this shall not be done by ignoring the applicable civil regime. A very deep corroboration and cooperation have to exist between these two above mentioned regimes in order to reach a complete and real understanding of this institution. Additionally, these two legal regimes shall supplement each other in a bilateral manner in order to create a complete legal regime.