As of January 1, 2025, small taxpayers in Romania are now required to file the D 406 Informative Declaration (SAF-T)—a standardized audit file designed to streamline the reporting of financial and tax data to the Romanian tax authority (ANAF). This recent implementation marks the next step in the country’s tax digitalization strategy, following earlier rollouts for large and medium taxpayers.
What Is the SAF-T and Why Does It Matter?
The SAF-T (Standard Audit File for Tax) is a digital file format that provides tax authorities with a structured view of a company’s accounting and tax data. Its aim is to enhance compliance, simplify audits, and improve transparency.
Large taxpayers in Romania have been filing SAF-T since January 2022, while medium taxpayers joined in January 2023. With small taxpayers now included, this initiative further integrates the SAF-T system into Romania’s tax compliance framework.
Grace Periods to Support Small Taxpayers
To ease the transition, ANAF has introduced grace periods for small taxpayers:
- For monthly SAF-T submissions: a 6-month grace period for the first report, gradually reducing to 2 months by the fifth report.
- For quarterly SAF-T submissions: a 3-month grace period for the first report.
These measures give small businesses time to align their accounting systems and adopt the necessary reporting standards.
Resources and Assistance for Businesses
To assist with the transition, ANAF has published helpful resources:
- “The Taxpayer’s Guide for Preparing and Submitting the D 406 SAF-T.”
- “The Assistance Document for Preparing the D 406 SAF-T.”
Why This Matters: The Bigger Picture of Tax Digitalization
Romania’s SAF-T implementation is part of a broader trend toward tax digitalization worldwide. By standardizing how financial data is reported, the system simplifies compliance for taxpayers, reduces administrative costs, and enhances transparency.
Businesses operating in Romania are encouraged to explore ANAF’s resources and ensure a smooth transition to the new requirements.
For further details, clarification, contributions or any concerns regarding this article, please feel free to reach out to us at editorial@tax.news. We value your feedback and are committed to providing accurate and timely information. Please note that all inquiries will be handled in accordance with our privacy policy
