Romania: Guide for new tax reporting procedure

A guide regarding technical documentation required under a new reporting procedure

A guide regarding technical documentation required under a new reporting procedure

The Romanian tax authorities published a guide regarding technical documentation required under a new reporting procedure.

The new “Standard Audit File for Tax” follows an international standard for the electronic exchange of reliable accounting data between taxpayers and tax authorities. This standard was developed by the Organisation for Economic Cooperation and Development (OECD) in 2005, and the latest version is the OECD SAF-T 2.0—a version relied upon by the Romanian tax authorities.

The new taxpayer guide provides a number of clarifications in relation to reporting deadlines, taxpayers’ obligations, potential penalties, as well as certain technical specifications relating to the mandatory elements.

According to the guide, the information return or statement D406 is to be submitted in electronic format by a set deadline.

  • For large taxpayers—starting from 1 January 2022
  • For medium-size taxpayers—during 2022 (exact date unspecified)
  • For small taxpayers—from 2023
  • For newly registered taxpayers—from the effective date of registration

Read a July 2021 report prepared by the KPMG member firm in Romania

 

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