ONGs'(Non-governmental organization) obligation to declare funding received and used
According to the accounting regulations in force, non-profit legal entities that, during the reporting financial year, have received grants, sponsorships, amounts redirected in accordance with the law from corporate income tax, microenterprise income tax or income tax due by individuals, as well as other similar forms of funding, are obliged to prepare a special statement. This must accompany the annual financial statements and reflect the total amount received and how it was used.
This obligation was introduced in the Accounting Act in 2024, and the first reports were made for the financial year 2023.
Model statements for the treasury statement
A draft order of the Ministry of Finance proposes a new form of the cash position statement with two variants:
- Simplified format (Annex 2) – for entities that received less than 100,000 lei in a fiscal year.
- Detailed format (Annex 1) – for entities that received more than 100,000 lei.
The declaration must be drawn up and signed by the persons authorized by law to draw up and certify the annual financial statements, as well as by the legal representative of the organization, i.e. the administrator or the person responsible for the management of the ONG.
Submission of the declaration and deadline
The treasury statement must be filed simultaneously with the annual financial statements, using the assistance program provided free of charge by the Ministry of Finance on the ANAF website. The deadline for ONG balance sheets in 2025 is April 30.
Penalties for non-compliance
ONGs that do not comply with this obligation risk sanctions ranging from 20,000 to 30,000 lei.