The Ministry of Public Finance issued Measure No. 2206/2020 for the approval of the Accounting Information System on June 30, 2020 of economic operators, as well as for the completion of some accounting provisions. As a reminder, normally the filing deadline is Aug. 15 of the current year, but in view of the current emergency circumstances, the deadline has been extended to Sept. 30, 2020.

Subjects Affected
Not all subjects are required to submit semi-annual accounting reports (as of 06/30/2020) but only those who, in the previous fiscal year, had a turnover of more than 220,000 lei.
The 220,000 lei turnover threshold applies to both subjects applying the provisions of Order 1,802 / 2014 and subjects applying International Financial Reporting Standards (Order 2844/2016).

Sanctions

Under the Accounting Law (Law 82/1991), failure to submit accounting reports in a timely manner is punished as follows:

penalty of 300 lei to 1,000 lei, if the period of delay is between 1 and 15 working days;
with a penalty of 1,000 lei to 3,000 lei, if the period of delay is between 16 and 30 working days
with a penalty of 1,500 lei to 4,500 lei, if the period of delay exceeds 30 working days.

We remain available for further clarification