Accounting & Tax Compliance in Romania

We take over the full accounting function of your Romanian company: recording documents, preparing the trial balance, calculating taxes and submitting every statutory filing to ANAF, the Romanian tax authority, correctly and on time.

Our accounting services in Romania are designed for companies that need local compliance handled properly without building an in-house finance team here — typically subsidiaries of foreign groups, Romanian companies with foreign shareholders and foreign entrepreneurs running a Romanian SRL (societate cu răspundere limitată — a Romanian limited liability company, similar to an LLC, Ltd or GmbH). The work is done by chartered accountants who are members of CECCAR, and everything you receive from us is in English.

What is included

What a foreign-owned company must file in Romania

A Romanian company is a Romanian taxpayer in its own right, whoever owns it. Its obligations do not depend on where the shareholders live, on whether it has started trading or on whether head office already keeps group accounts. In practice, a typical subsidiary deals with the following:

• VAT return (D300) — monthly or quarterly, by the 25th of the month after the tax period, for VAT-registered companies
• Domestic transactions statement (D394) — by the 30th of the month after the tax period
• Recapitulative statement for intra-EU transactions (D390) — by the 25th of the month after the month in which the transactions took place
• Payroll return (D112) — by the 25th of the following month, if the company pays salaries
• Micro-company tax or corporate income tax — declared and paid quarterly by the 25th of the month after each quarter; the annual corporate income tax return (D101) is due by 25 June of the following year
• Withholding tax on dividends, interest, royalties and certain services paid to non-residents — by the 25th of the month after payment, plus an annual information return
• SAF-T (D406) — at the same frequency as the VAT return, with additional reports on assets and, on request, on inventory
• Annual financial statements — filed with the Ministry of Finance by 31 May of the following year for a calendar financial year (150 days apply only to non-calendar financial years)

Late or missing filings lead to fines and, in more serious cases, ANAF can declare the company inactive for tax purposes — after which its customers can no longer deduct the VAT and expenses on its invoices. That consequence is often what first alerts head office, and it is entirely avoidable.

Key Romanian tax figures for 2026

• VAT: standard rate 21%, reduced rate 11% (both since 1 August 2025); small businesses are exempt up to an annual turnover of RON 395,000 (since 1 September 2025)
• Corporate income tax: 16% of taxable profit
• Micro-company tax: 1% of revenue, for companies with revenue of up to €100,000 that have at least one employee and meet the other legal conditions
• Dividend tax: 16% for dividends distributed from 1 January 2026, withheld by the company on payment
• Salaries: the employee pays 25% pension contribution (CAS), 10% health contribution (CASS) and 10% income tax; the employer pays a 2.25% work insurance contribution (CAM)
• Minimum gross monthly wage: RON 4,325 since 1 July 2026 (RON 4,050 from January to June 2026)

Which regime is cheaper for your company is a calculation, not a rule of thumb — our tax advisory services run it on your own figures.

RO e-Factura, SAF-T and Romania’s digital tax system

Romania has digitised tax reporting faster than most EU countries. Every invoice issued by a Romanian company — to businesses and, since 2025, to consumers — must be transmitted through RO e-Factura within five working days of issue. Supplier invoices are retrieved from the same system, and a B2B invoice that bypasses it exposes both the supplier and the customer to penalties.

SAF-T (D406) is an XML extract of the accounting ledgers, submitted at the same frequency as the VAT return. It only works if the chart of accounts, partner data and tax codes are kept consistent all year, so we set these up at the outset rather than fixing them at reporting time. ANAF also produces a pre-filled VAT return (RO e-TVA) from e-Factura data; we reconcile it with the books each period, so that differences are explained before they turn into notices.

All communication with ANAF goes through its online portal, the SPV (Spațiul Privat Virtual), accessed with a qualified electronic certificate. We monitor your company’s SPV inbox, so letters and notices are picked up and answered within their deadlines.

Reporting your Romanian subsidiary to head office

Romanian statutory accounts follow local reporting rules, which rarely match a group reporting package. We deliver the statutory set as required by law and, where needed, a reconciliation to the format your head office actually uses — so the local figures and the consolidated figures agree.

We can also work alongside your group auditor, providing the schedules and supporting documents they request, in English.

On request, the monthly pack can include a mapping of Romanian accounts to your group chart of accounts, intercompany balance confirmations and figures converted from RON into EUR or your group currency at the rate you specify — so that Romanian figures do not have to be re-keyed at group level.

How we work with you

• Documents are sent electronically — by e-mail, through a shared folder or exported from your invoicing and banking software
• Supplier invoices are retrieved by us from RO e-Factura, so nothing depends on suppliers sending PDFs
• A named accountant handles your file and answers in English, by e-mail, phone or WhatsApp
• Each month you receive the trial balance, the taxes due with payment details and the deadlines coming up
• Payroll can be handled by the same team through our payroll services in Romania, so salary costs reach the books without a second hand-off

Documents we need to start

• Certificate of registration (CUI) and the articles of association
• The trial balance and filings to date, if the company already trades
• Sales and purchase invoices, bank statements
• Relevant contracts: registered office, employees, service providers
• Access to, or a power of attorney for, the ANAF online portal (SPV)

If the company does not exist yet, we can advise on its structure and tax regime before registration — see company formation in Romania.

Frequently asked questions

Do Romanian accounting records have to be kept in Romanian?

Yes. Romanian accounting records and statutory filings must be kept in Romanian and in the national currency. Your internal reporting can of course be in English and in any currency, which is exactly what we provide alongside the statutory set.

What is a micro-company and does it apply to us?

A micro-company pays 1% tax on revenue instead of 16% on profit. In 2026 the regime is available to companies with revenue of up to €100,000 that have at least one employee and meet the other legal conditions; a company that exceeds the threshold during the year moves to corporate income tax from the quarter in which it does so. Because it taxes revenue, not profit, it suits companies with healthy margins. We calculate both scenarios on your figures before you decide.

Do you handle VAT registration?

Yes, including registration for intra-Community transactions and the related reporting. Registration becomes mandatory once annual turnover exceeds RON 395,000, but many foreign-owned companies register from the start because their customers or suppliers are VAT-registered businesses elsewhere in the EU. We confirm the right timing for your case.

How much does bookkeeping cost in Romania?

Monthly fees depend on the number of documents, the headcount and whether the company is VAT-registered. Send us these three figures and you receive a firm monthly fee the same working day.

Can you take over from our current accountant during the year?

Yes. We agree a cut-off date, obtain the trial balance, ledgers and filing confirmations from the previous accountant, and review the open items before we take responsibility for the next period. We organise the handover ourselves; you only need to authorise it.

Can you also handle payroll and tax advice?

Yes. Many clients use one team for payroll, bookkeeping and tax advisory, which avoids gaps between providers — but each service can also be contracted separately.