How to prevent fines? SAF-T reporting is mandatory!

Romania started reporting fiscal and accounting information in digital format in 2022, by implementing the SAF-T system (standard fiscal control file).

In the case of Romania, the SAF-T scheme implemented by the tax authorities is a complex one and involves reporting all accounting and tax information of a company through SAF-T reporting. Specifically, there are three SAF-T declarations that will be submitted at different time intervals:

• • the monthly or quarterly SAF-T declaration that will include all accounting and tax operations,
  • the SAF-T declaration of Fixed Assets that will be submitted annually and
  • the SAF-T declaration of Inventories that will be submitted at the request of the tax authorities.

SAF-T implementation calendar

SAF-T reporting is mandatory for large taxpayers from 2022, and for others from 2023 (medium taxpayers, banks, NFIs, insurance companies or other financial institutions), respectively from 2025 (small taxpayers).

Filing the SAF-T declaration, i.e. the XML file containing the SAF-T reporting, is done similarly to filing tax returns, it being attached to the D406 declaration.

Applicable offences

Failure to submit the D406 Information Declaration within the deadlines provided by law or its incorrect or incomplete submission, as determined by ANAF, will attract offenses, more specifically:

• fine from 1,000 lei to 5,000 lei in case of failure to submit this declaration within the legal deadlines, respectively;
• fine from 500 lei to 1,500 lei in case of submitting incorrect or incomplete declarations.

Softeh PLUS experience

The Softeh Plus team, consisting of specialists in the tax, accounting and IT fields, have developed a SAF-T reporting solution that meets all the requirements of the tax authorities. The SAF-T reporting solution developed by Softeh Plus is already successfully implemented by numerous clients in Romania.

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