- SAF-T Implementation Challenges: Starting January 1, 2025, non-established companies in Romania must submit the D406 Standard Audit File for Tax (SAF-T), but the rollout faced significant hurdles, including delayed software validation and a lack of communication from authorities, complicating compliance efforts.
- Technical and Reporting Difficulties: The transition revealed issues such as inadequate technical capacity to validate SAF-T submissions, unreliable systems for acknowledging filings, and new data requirements that exceeded typical VAT reporting capabilities, particularly for businesses with infrequent transactions in Romania.
- Increased Compliance Burden: Non-established businesses now face additional challenges, including the need to report commodity codes, provide detailed transaction information, and navigate complex adjustment and exchange rate rules, highlighting the importance of ensuring infrastructure readiness before enforcing digital tax compliance.
Source Fintua
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