- Introduction of SAF-T for Non-Residents: Starting January 2025, non-resident taxpayers registered for VAT in Romania will be required to submit Standard Audit File for Tax (SAF-T) reports, focusing primarily on sales and purchase invoices, as part of Romania’s initiative to enhance tax compliance and improve VAT reporting mechanisms.
- Submission Deadlines and Grace Period: Non-resident taxpayers must submit their SAF-T reports by the last day of the month following the reporting period. A grace period allows for late submissions without penalties for the first six months of 2025, with full penalties for non-compliance beginning thereafter.
- Importance of Compliance: Accurate SAF-T reporting is crucial as it supports VAT reconciliation and the generation of pre-filled VAT returns. Non-resident businesses must adapt their accounting systems to comply with these new requirements to avoid fines and ensure smooth tax operations in Romania.
Source RTCsuite
Click on the logo to visit the website
Latest Posts in "Romania"
- General Court T-643/24 (Credidam) – AG Opinion – Unauthorized use of copyrighted works incurs VAT on fees
- Romania Launches Major Tax Audits Targeting Over 500 Large Companies to Boost Compliance
- Romania to Impose New EUR 5 Logistics Tax on Non-EU Parcels Under EUR 150 from 2026
- Briefing Document & Podcast: Romanian E‑Invoicing, E‑Reporting, and E‑Transport: Scope, Timeline & Requirements
- Eligibility and Application Rules for the VAT Cash Accounting System in Romania
