Features of Accounting and Tax Treatments Applicable to Intangible Assets of the Research and Development Activities Nature in the Spirit of National Regulations

The XXIst century shows, among others, a special feature aiming at acceleration at a growing speed of the developments of new technologies. Thus, in the context of a fierce competition, great intellectual and financial efforts are made for the research and development of high technologies. Therefore, both at microeconomic and macroeconomic level, it is frequently brought into attention the problem of a correct approach in terms of legal provisions of the accounting and tax treatments for expenses incurred for this purpose. Also, there is a growing need for improvement of the related legal framework, so that research and development should contribute to the economic growth.