Mandatory invoice elements in Romania: date, unique number, supplier and buyer details, description, taxable amount, VAT rate and VAT amount

With a notarised Power of Attorney (PoA), your accountant can represent your business at the Romanian Tax Agency (ANAF).

Romania introduces a citizenship card, biometric data collection, and digital services for a more secure and streamlined citizenship process

Streamline logistics reporting with the e-Transport app from ANAF! Enrollment, starting transport sessions, managing active sessions

Don't make tax payments on the 25th. Instead, ensure your payments reach the Treasury by then. Missing this deadline could mean penalties.

Starting a business in Romania? Ensure compliance by obtaining the paper-based inspection register within the first 30 days of incorporation

Fast-track your Romanian VAT registration and avoid unnecessary fees & delays. Learn the less-known method for new businesses.

Closing a Business in Romania doesn’t need to be a hassle. The easiest is to appoint a lawyer and an accounting firm, who work in sync

In Romania, the choice between establishing a profit-tax paying company and a micro-enterprise can significantly affect taxation.

Romanian Chart of Accounts in Romanian and in English

One of the most debated subjects when shareholders start having arguments is the right of access to company documents.

Many of the questions appearing when doing business in Romania find answer in the Companies Law 31/90. Let’s get familiar with its structure

Easy: ask for an Anticipated Tax Solution. For EUR 5000, the Minister of Finance herself will sign a fiscal solution to make it all clear

Due diligence is a must: I need to do my homework or I risk having surprises. The supplier might be inactive, or with its VAT code cancelled

An EU citizen benefits of the same labour rights in Romania as a Romanian citizen. Therefore, a work permit authorisation is not necessary.

Dividing business raises flags for the Tax Agency ANAF because of the VAT implications. Liquidating business also involves a VAT check.

Expired office rent contract, expired administrator’s mandate, neglecting the 6-months rule, becoming a high risk taxpayer

Background info. How long will it take? Which documents will I be asked to present? What is the result?

Basic conditions, mandatory preliminary cross-checks and VAT refund advice for a business in Romania

The VAT system la încasare is very advantageous for service providers, who usually have low expenses and do not have much VAT to deduct

I will pay VAT only after I receive the money from my clients. At the same time, I can only deduct VAT from suppliers after paying them

TVA la incasare is due when I receive the money I invoiced - and TVA la facturare is due when I invoice

The difference is given by two main factors: revenue and intra-community acquisitions of goods

VAT-related warning flags and triggers for fines, penalties and charges, visible in a Romanian trial balance