Audio Blog: SAF-T Romania is live for large taxpayers

Sovos
January 24, 2022

This blog was last updated on January 26, 2024

Romania’s new SAF-T mandate was implemented for large taxpayers on 1 January 2022. Following the release of specifications in 2021 and subsequent testing phase, information must now be submitted digitally via the prescribed format.

In this episode of the Sovos Expert Series, Rebecca Burton asks Kelsey O’Gorman, Senior Regulatory Counsel to explain what this means in practice for organisations and how they can avoid any compliance issues.

Listen as she answers the following questions:

  • What does the new Romanian SAF-T mandate mean for large taxpayers?
  • What issues are organisations likely to face in the early stages and what can they do to avoid them?
  • What happens if an organisation is not able to comply?
  • Are there any differences in how the mandate is applied for the different size taxpayers?

Get in touch with the Sovos team of tax experts to discuss your Romania SAF-T compliance requirements or see this overview on VAT Compliance in Romania.

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Author

Sovos

Sovos is a global provider of tax, compliance and trust solutions and services that enable businesses to navigate an increasingly regulated world with true confidence. Purpose-built for always-on compliance capabilities, our scalable IT-driven solutions meet the demands of an evolving and complex global regulatory landscape. Sovos’ cloud-based software platform provides an unparalleled level of integration with business applications and government compliance processes. More than 100,000 customers in 100+ countries – including half the Fortune 500 – trust Sovos for their compliance needs. Sovos annually processes more than three billion transactions across 19,000 global tax jurisdictions. Bolstered by a robust partner program more than 400 strong, Sovos brings to bear an unrivaled global network for companies across industries and geographies. Founded in 1979, Sovos has operations across the Americas and Europe, and is owned by Hg and TA Associates.
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