- Mandatory D406 SAF-T Submission: Starting 1 January 2025, non-established businesses operating in Romania must submit the D406 Standard Audit File for Tax (SAF-T). This requirement involves simplified reporting, focusing only on specific sections like sales and purchase invoices, applicable tax rates, and product quality and quantity specifications.
- Simplified Reporting Requirements: To ease the compliance burden, non-established businesses are only required to report limited information compared to Romanian established businesses. This includes essential data such as sales and purchase invoices, applicable tax rates, and product details.
- Integration with Pre-Populated VAT Returns: From 1 August 2024, Romania introduced pre-populated VAT returns using data from sources like e-Factura, Control lists (Form D394), and D406 SAF-T. From 1 January 2025, discrepancies between taxpayer-reported data and authority-held data will be reviewed in detail if they exceed materiality thresholds.
Source: taxbackinternational.com
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