SAF-T Enters a New Phase – Simple Declaration is No Longer Sufficient

• From this year, the Romanian tax authority (ANAF) will start verifying the data reported in SAF-T declarations.
• ANAF has already sent notifications for non-submission of SAF-T declarations and there may be penalties for non-compliance.
• It is important to ensure that the submitted declarations are correct and complete, and any differences should be identified and documented in a timely manner.
• SAF-T declarations involve transmitting a significant amount of tax and accounting data in three types of declarations: monthly or quarterly, annual for fixed assets, and on-demand for inventory data.
• The validator provided by ANAF only checks the structure and syntax of the XML file, not the substance or correctness of the data.
• Companies should perform qualitative checks on their own and can use software or tools to automatically verify the declaration after it has been exported and validated.
• The expectation is to reduce the number of VAT declarations in the future, based on the experience of other countries that have implemented SAF-T.

Source: blog.pwc.ro

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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