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Romania SAF-T introduction 2020

  • EU VAT
  • Jun 13, 2019 | Richard Asquith

Romania’s tax authority, Agenția Națională de Administrare Fiscală (ANAF), is to introduce Standard Audit File for Tax (SAF-T) VAT transactional reporting by the end of 2020.

Romania is planning to make the transactional data exchange regime mandatory for all VAT registered businesses – resident and non-resident. It is likely though to start a pilot with large tax payers first, possibly at the start of 2020. In the mid-term, ANAF wishes to reduce the number of VAT-related returns on the basis of improved information from SAF-T.

ANAF has been backed by an EU funding grant.

SAF-T was developed by the OECD in 2005 as a standard schema for the exchange of transaction data for VAT and other tax reporting purposes. The aim was to have a harmonised data exchange format internationally to help companies efficiently exchange information with the tax authorities. It has been adopted in seven European countries, including: Portugal; Austria; Luxembourg; France; Poland; Lithuania; and Norway. Hungary is looking to be the eighth country in two years’ time. Poland has already announced plans to drop the requirement for VAT returns, replacing it with SAF-T submissions.

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Researching Romanian VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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