Romanian accounting and tax rules have evolved,after 1990, from an almost complete connection to a more and more clear de juredisconnection. One reason for this development is the influence of theinternational financial reporting standards. Analyzing the relationship betweenaccounting and taxation, we find some interesting evolutions in the field oftangible fixed assets. The current Romanian accounting standards include manydetailed rules taken directly from the IAS 16 (the initial recognition andmeasurement, the revaluation, the depreciation of fixed assets), while the taxlaw doesn’t follow the same way. Since 2004, the Romanian Tax Code statesexplicitly that the accounting depreciation is separate from the taxdepreciation. However, we found, for Romanian entities listed on Bucharest Stock Exchange,that the accelerated method of depreciation (a tax one) is used sometimes inaccounting. More than 80% of the listed entities revalue buildings and we couldthink this is for tax reasons.