Romania: Standard audit file for tax, filing dates and implementation rules

Information that taxpayers must declare via the “standard audit file for tax”

Information that taxpayers must declare via the “standard audit file for tax”

The tax authorities issued guidance—Order no. 1783 (dated 4 November 2021) as published in the official journal on 9 November 2021—regarding information that taxpayers must declare via the “standard audit file for tax.”

The “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 OECD SAF-T 2.0—a version relied upon by the Romanian tax authorities. In Romania, the information return (Information Statement D406) is to be submitted in electronic format by a set deadline. Read TaxNewsFlash

The November 2021 order establishes the nature of information to be reported via the standard audit file for tax, the reporting model, the procedure and conditions for submitting the information statement, and the submission due dates (based on the taxpayer category). The filing due dates are:

  • For large taxpayers – beginning 1 January 2022
  • For taxpayers reclassified as large taxpayers beginning 1 January 2022 (that is, not previously classified as large taxpayers in 2021) – beginning 1 July 2022
  • For medium-sized taxpayers – beginning 1 January 2023.
  • For small taxpayers – beginning 1 January 2025.
  • For newly registered taxpayers – beginning from the effective registration date (that is, the first submission of Information Statement D406 is due on the last day of the month following the reporting period, after the reference date for the category in which the taxpayer was registered)

Taxpayers are to file Information Statement D406 on a monthly or quarterly basis, in accordance with their fiscal period as determined from a value added tax (VAT) perspective. Taxpayers that are not registered for VAT purposes are to submit the standard audit file for tax on a quarterly basis.

For credit institutions, non-banking financial institutions, financial institutions, and insurance / reinsurance companies that are classified as large taxpayers as of 31 December 2021, the due date to submit Information Statement D406 is 1 January 2023. Investment management companies and administrators of alternative investment funds are also included in this category of taxpayer.

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

 

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