The introduction of the SAF-T reporting system, one of the most important fiscal changes of 2021, will optimize the exchange of information between ANAF and taxpayers so that incorrect behaviors will be more quickly identified and combated. This reporting will have the character of an informative statement, but will also allow a fast and clear view of the taxpayers' tax situation.
What’s new when it comes to the introduction of the SAF-T reporting system in Romania?
Public
Romania
Author: Kristina Dosen
Category:
Fiscal subject related
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969
Content accuracy validation date:
02.11.2021
Content accuracy validation time:
11:28h
As part of the digital transformation of ANAF's activity, we are already witnessing the imposition of the Virtual Private Space as the main way of interacting with taxpayers and, on the other hand, the first concrete measures in preventing and combating tax evasion appear.
By introducing this new reporting obligation, the tax authority will have easy access to a high volume of tax and of accounting information (because it is transmitted by taxpayers in a standardized format), and the effective control carried out by ANAF will become more efficient.
In these circumstances, the preparation for SAF-T must not be limited to the simple extraction of data from the accounting system and their transmission to ANAF in the requested format but involves a preparatory stage, in which taxpayers must verify the accuracy and integrity of the information they are going to report, because the correctness of the data provided will depend on the initiation by ANAF of subsequent controls and, implicitly, the risk of penalties.
Therefore, tax inspections will multiply shortly, as a result of ANAF's strategy to streamline the collection of revenues to the state budget, so that the indicator on the degree of compliance with the declaration and payment returns to the level recorded in 2019, as a result of the implementation of SAF-T and the joint actions of the tax inspection and anti-fraud structures.
At the same time, however, due to digital changes in both the structure and the way controls are carried out, tax inspections will become less burdensome, but taxpayers will have to comply in real-time with all the requirements of tax inspectors regarding the record and reporting of information. However, from practice, we find that, for taxpayers in Romania who operate in an unpredictable fiscal environment, such compliance is a difficult task, in general, and, even more so, in the context of the acute crisis of specialized personnel, which companies are currently facing, to which is added the increasingly pressing theme of business reorganizations.
In these conditions, taxpayers must prepare intensively for the new reports and pay increased attention to the correctness of the data transmitted to ANAF, so that they can carry out their activity in optimal parameters before, during, and after a tax inspection action to avoid getting penalties.
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