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

Sovos
January 24, 2022

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.

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Author

Sovos

Sovos is a leading global provider of software that safeguards businesses from the burden and risk of modern transactional taxes. As VAT and sales and use tax go digital, businesses face increased risks, costs and complexity. The Sovos Intelligent Compliance Cloud is the first complete solution for modern tax, giving businesses a global solution for tax determination, e-invoicing compliance and tax reporting. Sovos supports more than 7,000 customers, including half of the Fortune 500, and integrates with a wide variety of business applications. The company has offices throughout North America, Latin America and Europe. Sovos is owned by London-based Hg. For more information visit www.sovos.com and follow us on LinkedIn and Twitter.
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