- 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
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