Postponement of reporting fiscal arrangements

Emergency Ordinance (OUG) no. 107 regarding the modification of art. II of the Government Ordinance no. 5/2020 for the amendment and completion of Law no. 207/2015 on the Fiscal Procedure Code and for the extension of certain deadlines was published in the Official Gazette (Part I) no. 579 of July 1, 2020.

We mention that in the context of the coronavirus epidemic, the European authorities recently decided to allow the postponement of the first reports imposed on specialists and companies regarding the cross-border fiscal arrangements they implement.

Although the measure was optional, the Government adopted it by OUG no. 107 / 02.07.2020

Specifically, the European Commission has established that EU member states can postpone two important deadlines for specialists and companies, according to European Directive 876/2020.

The first postponement refers to the deadline for reporting the cross-border fiscal arrangements implemented between June 25, 2018 and June 30, 2020 – the last day for submitting the special declaration being February 28, 2021, not August 31, 2020.

Then, the second postponed deadline refers to the monthly reporting of cross-border tax arrangements implemented starting with July 1, 2020 – instead of the first reporting being 30 days after July 1, it is to be done, for the period 1 July – December 31, 2020, in 30 days, but starting with January 1, 2021 (so at the end of January 2021).

Arrangements discussed or implemented starting with January 1, 2021 will be reported within the usual 30 days.

It is very important to specify that the periods covered by the reporting of the fiscal arrangements remain the same, following that Romania will postpone only the terms in which the specialists and the companies send the special form to ANAF.

We remind you that not reporting the arrangements or reporting them late will be able to be fined, in Romania, with amounts between 20,000 and 100,000 lei.

The measure was introduced to eliminate tax practices that allow companies to avoid paying taxes and obtain reductions. More information can be found in our section dedicated to the subject.

Emergency Ordinance (OUG) no. 107 regarding the modification of art. II of the Government Ordinance no. 5/2020 for the amendment and completion of Law no. 207/2015 on the Fiscal Procedure Code and for the extension of certain deadlines was published in the Official Gazette (Part I) no. 579 of July 1, 2020.

We mention that in the context of the coronavirus epidemic, the European authorities recently decided to allow the postponement of the first reports imposed on specialists and companies regarding the cross-border fiscal arrangements they implement.

Although the measure was optional, the Government adopted it by OUG no. 107 / 02.07.2020.

Specifically, the European Commission has established that EU member states can postpone two important deadlines for specialists and companies, according to European Directive 876/2020.

The first postponement refers to the deadline for reporting the cross-border fiscal arrangements implemented between June 25, 2018 and June 30, 2020 – the last day for submitting the special declaration being February 28, 2021, not August 31, 2020.

Postponement of reporting fiscal arrangements

Then, the second postponed deadline refers to the monthly reporting of cross-border tax arrangements implemented starting with July 1, 2020 – instead of the first reporting being 30 days after July 1, it is to be done, for the period 1 July – December 31, 2020, in 30 days, but starting with January 1, 2021 (so at the end of January 2021).

Arrangements discussed or implemented starting with January 1, 2021 will be reported within the usual 30 days.

It is very important to specify that the periods covered by the reporting of the fiscal arrangements remain the same, following that Romania will postpone only the terms in which the specialists and the companies send the special form to ANAF.

We remind you that not reporting the arrangements or reporting them late will be able to be fined, in Romania, with amounts between 20,000 and 100,000 lei.

The measure was introduced to eliminate tax practices that allow companies to avoid paying taxes and obtain reductions. More information can be found in our section dedicated to the subject.