Romania SAF-T: New Guidance for Submission Deadlines

Kelsey O'Gorman
November 18, 2021

In previous blogs, we’ve taken a deep dive into Romania’s new SAF-T requirements. In the latest guidance released this week, the tax authority has provided updated implementation timelines for different sizes of taxpayers and information on the grace period.

In addition to clarifying timelines, the tax authority also issued a new version of the schema on 10 November 2021. This new schema incorporates comments and concerns from the most recently published Questions and Answers document.

The implementation timeline is longer than the initially announced timeline for medium and small taxpayers. Additionally, tax authorities have also updated the list of large taxpayers with the publication of this new order. With this update, the ANAF added 1,801 companies to the list of large taxpayers. These newly-included taxpayers will benefit from a later implementation date of 1 July 2022.

Implementation timeline for mandatory submission

  • Large taxpayers (as designated by the Romanian tax authorities, who were included in this category in 2021) – 1 January 2022
  • Large taxpayers (as designated by the Romanian tax authorities, who were not part of this category in 2021) – 1 July 2022
  • Medium taxpayers – 1 January 2023
  • Small taxpayers – 1 January 2025

Grace period

According to the Order, the grace period is six months for the first reporting, respectively five months for the second reporting, four months for the third reporting, three months for the fourth reporting, and two months for the fifth reporting for taxpayers who have an obligation to the monthly transmission of the SAF-T file.

This is a longer grace period than originally announced, which was set for three months. The grace period will also be extended to the newly-included large taxpayers, meaning that taxpayers in that category will have until 1 January 2023 to submit their SAF-T reports with no penalties.

Take Action

Find out more about what we believe the future holds, by downloading VAT Trends: Towards Continuous Transaction Controls and following us on LinkedIn and Twitter to keep up-to-date with the latest regulatory news and updates.

Sign up for Email Updates

Stay up to date with the latest tax and compliance updates that may impact your business.

Author

Kelsey O'Gorman

Kelsey O’Gorman is a Regulatory Counsel at Sovos. Within Sovos’ Regulatory Analysis function, Kelsey focuses on global sales tax and VAT issues, supporting both the tax determination and reporting engines. Kelsey received her B.A. in Psychology from University at Buffalo and her J.D. from Roger Williams University School of Law. She is a member of the Massachusetts Bar.
Share this post

North America ShipCompliant
September 20, 2023
Prevent Consumer Confusion Around Hard Versions of Soft Drinks

A trend of the last few years has been the surge in new products entering the beverage alcohol market, from hard seltzers to RTD cocktails, along with the entry of well-established, traditionally non-alcoholic brands, like Hard Mountain Dew and Simply Spiked. While the growth of hard soft drinks is great for consumers, who benefit from […]

North America Tax Information Reporting
September 19, 2023
Form 1042 (and 945) Returns Electronic Filing Requirement Updates

We’ve previously discussed how the IRS released final electronic filing requirements for information returns effective with 2023 returns. One of those key changes is that businesses can no longer submit Form 1042 withholding tax returns on paper starting with tax year 2023 filings and beyond. But how will that actually impact businesses for the upcoming […]

EMEA VAT & Fiscal Reporting
September 18, 2023
Intrastat Thresholds: Current Exemption Values

Intrastat thresholds are value thresholds which decide if companies in an EU Member State qualify to file a return to tax authorities, based on their intra-community trading. These thresholds change annually, prompting businesses to conduct an annual recalculation to know their obligations. This blog contains all the Intrastat reporting thresholds for 2023, as well as […]

EMEA VAT & Fiscal Reporting
September 18, 2023
Intrastat Guide: Reporting, Numbers, Thresholds

Intrastat is an obligation created in 1993 that applies to certain businesses that trade internationally in the European Union. Specifically, it relates to the movement of goods – arrivals and dispatches – across EU Member States. The requirements of Intrastat remain similar across the EU, though certain Member States have implemented rules differently. As a […]

North America ShipCompliant
September 12, 2023
How Evolving Consumer Demand is Changing the DtC Wine Industry

There may only be two certainties in life, but consumer preferences are still undoubtedly going to evolve over time. This is definitely true in the direct-to-consumer (DtC) wine industry. Whether consumers are pushing for greater sustainability, increased transparency through a brand’s marketing or want something else entirely, wineries must work to incorporate that into their […]