Increasing the Capacity of Public Administration

Abstract

The ambitious deadlines set by the Romanian tax authorities in the context of the digitalization of the tax administration by implementing the latest initiatives - SAF-T, RO e-Invoice and RO e-Transport systems are the main challenges of the business environment agenda. The Standard Audit File for Tax – SAF-T is a standardized file that facilitates fiscal control by the Romanian tax authorities and simplifies tax compliance for taxpayers. In addition to this, SAF-T also guarantees the information security. Starting with January 2022, the large taxpayers in Romania are required to declare their tax and accounting information electronically through the SAF-T system. As this reporting has raised multiple questions and challenges, our specialists are reacting and offering you support to successfully submit your file. Starting with 1 April 2022 (optional), respectively with 1 July 2022 (mandatory), companies involved in transactions with high-risk products use the RO e-Invoice system to issue invoices and must report specific data in the RO e-Transportation system. Given that the intention of the authorities is to extend these requirements, companies should prepare in advance to meet the new compliance obligations.