In 2022, as previously written, Romania began reporting tax and accounting information digitally through the implementation of the SAF-T (standard tax control file) system by the ANAF. This SAF-T type reporting system was launched by the OECD back in 2010 and has since been implemented in multiple jurisdictions, each with the option to adapt the original SAF-T scheme

What is the SAF-T statement implemented in Romania?

In the case of Romania, the SAF-T scheme implemented by the tax authorities is complex and involves the reporting of all accounting and tax information of a company through SAF-T reporting. Specifically, the implementation is planned in three different types of SAF-T statements that will be submitted at different time intervals:

(i) monthly or quarterly SAF-T 406 return that will include all accounting and tax transactions,

(ii) 406 SAF-T statement of Fixed Assets to be submitted annually; and

(iii) 406 SAF-T statement the situation of inventory management to be submitted upon request of the Tax Administration.

At the same time, taxpayers who are not resident in Romania but are registered for VAT in Romania will file a simplified SAF-T return that will only take into account purchases and sales made.

SAF-T reporting is mandatory for large taxpayers from 2022, for others from 2023 (medium taxpayers, banks, NFIs, insurance companies or other financial institutions), respectively from 2025 (small taxpayers).

The submission of the SAF-T declaration, i.e., the XML file, is made to the ANAF Romanian Tax Agency in a similar way to the submission of tax declarations.

The deadline for submission of the SAF-T statement is by the end of the month following the reporting month (for monthly SAF-T statement), until the deadline for submission of the Annual Report (for fixed asset SAF-T statement), or until the date specified by ANAF (for Warehouse SAF-T statement).

The purpose of this circular is to inform the clientele of small taxpayers who will have to transmit the new SAF-T declaration as of 1.1.25 so that all necessary decisions or actions can be taken in time for the measure to be fulfilled without any criticalities (e.g. Far cleaning of goods, obsolete fixed assets etc.).