Romania SAF-T Process

SAF-T is an international standard for the exchange of accounting data from taxpayers to tax authorities. Introduced by the OECD in 2005, the Standard Audit File for Tax (SAF-T) has always been voluntary and now been adopted by many countries across Europe. It was designed to help businesses minimise their compliance costs across multiple jurisdictions, by submitting a single standard reporting file rather than have multiple filings in their own local formats.

Typical elements of an SAF-T file will include the following:

• General Ledger entries – Journals

• Accounts Receivable – Customers Master data / Sales Invoices / Payments

• Accounts Payable – Suppliers Master data / Purchase Invoices / Payments

• Fixed Assets – Asset Master Files / Depreciation and Revaluation

• Inventory / Product Master data / Inventory Movements.

With Romania SAF-T, authorities have direct electronic access to companies’ VAT returns and invoices. You can check in real-time if there are any problems.

ANAF (National Financial Management Agency) completed the development of the SAF-T system in 2021 and put it into effect. SAF-T has become mandatory for major taxpayers in Romania from 2022. The deadline is the last calendar day of the month following the relevant tax period.

SAF-T Reporting and Obligations

The D406 declaration must be sent to the Romanian Tax Administration on a monthly or quarterly basis in terms of the companies’ bookkeeping method. However, for taxpayers without VAT registration, Romanian authorities have decreed that SAF-T files should be sent quarterly.

SAF-T reporting, which became mandatory in 2022 for medium taxpayers, will become mandatory in 2023 for small taxpayers.

Romanian legal entities and foreign legal entities that do not have a legal presence in Romania and are required to keep double-entry books must submit the standard SAF-T financial control file to the Romanian Tax Administration via Declaration D406.

Melasoft SAF-T Solution

Melasoft SAF-T Solution helps you to convert your accounting data to an XML file. Thanks to the SAP add-on solution, all steps are completed in the customer’s system before the files are uploaded to the DUK Integrator for file verification and the SAF-T report is ready to submit to the tax office portal.