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
Views:
505
Content accuracy validation date:
02.11.2021
Content accuracy validation time:
11:28h
Content
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.
Other news from Romania
New document was uploaded: S4 Fiscal Service for Romania
Romania
Author: Kristina Dosen
S4FiscalService for Romania is an installation package for S4FS fiscal middleware in Romania. An integrative part of the installation package is, among others, the General Interface Description, the Service Interface Description, Release Notes, the S4F Service Installation Manual, and sensitive data encryption. They are all packed in a zip file that is ready for download Read more
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more
New document was uploaded: S4F backoffice patch
Author: Kristina Dosen
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). For each patch it is specified for which countries it is released for and with this information and with information from release notes user should prioritize the installation of the patch if S4F Backoffice is used in specified countries. Even though the patch may be prioritized for specified countries please make sure to install all patches sequentially, including the previous ones (if any) even if they are not related to used countries. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Read more
New document was uploaded: S4F backoffice installer
Author: Kristina Dosen
S4F backoffice installer is intended for users who are installing the software for the first time. Please make sure to obtain latest version of installer and to apply all subsequent patches that are released subsequently. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. This version of the Backoffice installer supports the following countries: Austria, Bulgaria, Croatia, France, Italy, Poland, Portugal, Romania, Slovakia and Slovenia. Read more
New document was uploaded: S4F backoffice patch
Author: Kristina Dosen
S4F backoffice patch is intended for users who have already installed S4F backoffice and are intended to update existing installations to latest version. To do so apply only patches that are marked with version number that is newer than your currently installed instance of backoffice. Please make sure to install all available patches sequentially (without skipping). For each patch it is specified for which countries it is released for and with this information and with information from release notes user should prioritize the installation of the patch if S4F Backoffice is used in specified countries. Even though the patch may be prioritized for specified countries please make sure to install all patches sequentially, including the previous ones (if any) even if they are not related to used countries. This package contains instruction, release notes, changelog and software packages required for deployment of this software component. Please note that this patch contains changes for following country: Croatia. Read more
The grace period for e-invoices is extended until May 31 for Romanian taxpayers.
Public
Romania
Author: Kristina Dosen
Romania
Author: Kristina Dosen
The grace period in which taxpayers escape the fine for not using the RO e-invoicing system in the B2B relationship has been extended by almost two months, according to an ordinance formalized by the authorities a few days ago. GEO 30/2024, published in Official Gazette 272, comes to extend the period during which non-compliance with the deadline for reporting invoices in RO e-Invoice is not sanc... Read more