Romania has announced plans to introduce obligatory SAF-T reporting from 1 January 2022. This will be rolled out in phases and the first phase will apply to large taxpayers.
Romania has been considering the introduction of the SAF-T for some time and it has been mentioned that some reporting obligations may be removed after the introduction of the SAF-T, such as the D394 form.
The SAF-T is a digital VAT return and the format will be XML. The creation of the XML file should be done using an ERP system. The SAF-T will be called D406 Informative Declaration.
The final D406 file should be submitted to the Tax Authorities by PDF with the XML file attached. The final D406 return should be digitally signed using a qualified digital certificate.
Source Taxbackinternational
