In the Official Gazette of 9.11.2021, Circular 1783 of 2021 was published with the content of describing how to send the information declaration D406; in this article in a concise way the most interesting points of the circular are described.

Starting January 1, 2022, taxpayers in the large taxpayer category will have to submit the SAF-T Standard Tax Control File – Information Statement D406 to the tax authority.

Taxpayers who fall into the category of average taxpayers as of December 31, 2021 will file Statement D406 starting January 1, 2023.

Taxpayers who are considered small taxpayers as of December 31, 2021 will file the D406 return starting January 1, 2025.

A grace period of 6 months is granted for the first report, 5 months for the second report, 4 months for the third report, 3 months for the fourth report and 2 months for the fifth report.

The data reported are extensive, and among those required for reporting are:

– Customer information;

– Identifying data (name, address, tax code, analytical code in which the customer is registered, beginning balance, ending balance);

– Supplier information (name, address, tax code, analytical code in which the customer is registered, beginning balance, ending balance);

– Fiscal information. Tax codes associated with the transactions performed will be selected;

– Table of units of measurement. Contains details on units of measure when stocks are to be converted to various units of measure;

– Cost centers implemented by the taxpayer;

– Inventories. Stock movements, including the warehouse where the stock is located, tariff classification codes will be declared;

– Assets. Assets will be declared from the unique inventory number, asset description, asset supplier, acquisition date, depreciation method, depreciation amount; – Sales invoices. Sales invoices, invoice date, payment term, invoice lines, VAT number will be declared;

– Purchase Invoices. Purchase invoices, invoice date, payment term, invoice lines will be declared;

– Payments. Payments, payment date, payment lines, etc. will be reported.

After the grace period, Form D406 will be submitted as follows:

 Until the last calendar day of the month following the reporting period;

 For non-VAT-registered taxpayers, it will be submitted quarterly until the last day of the following month;

 For the “Assets” section, the form will be submitted until the annual budget submission date;

 For the stock division, the deadline will be set by the central fiscal body, a deadline of not less than 30 calendar days.

Given the dearth of information about the above-mentioned new requirement, we look forward to more clarification before the January 1, 2022 effective date.