The immediate impact on company profitability is determined by the mandatory submission of the Standard Audit File for Tax (SAF-T), regulated by ANAF Order 407/2025 (Official Gazette no. 310/April 8, 2025), via the informative declaration D406.
This obligation applies to a broad range of taxpayers maintaining double-entry accounting, including: joint-stock companies, limited partnerships, limited liability companies, autonomous administrations, national research and development institutes, cooperative organizations, non-resident companies with a VAT number in Romania, and foreign legal entities with permanent establishments in Romania. Additionally, entities such as associations with patrimonial purpose and collective investment schemes not constituted under capital market law are also subject to the obligation.
In contrast, exemptions are clearly defined in point 4 of the Order and include: authorized natural persons (PFA), individual or family enterprises, medical and notarial offices, professional law firms and insolvency practitioners, public institutions and administrative authorities, as well as entities handling classified information or temporarily suspending activity. Associations or non-profit entities using single-entry accounting are not targeted; however, opting for double-entry accounting generates the SAF-T obligation.
Deadlines for submission depend on SAF-T sections and the applicable fiscal period:
- General sections (excluding “Inventory” and “Assets”): last day of the month following the reporting period (monthly or quarterly).
- “Assets” section: concurrently with the annual financial statements.
- “Inventory” section: within the deadline established by the central fiscal authority, at least 30 days after the request.
Submission is carried out monthly or quarterly, depending on the VAT fiscal period. Taxpayers with a semi-annual or annual VAT period, or those not registered for VAT, submit D406 quarterly.
In practice, complying with these deadlines and correctly identifying taxpayers subject to SAF-T directly affects fiscal efficiency and reduces the risk of penalties. From a strategic perspective, integrating accounting processes with electronic reporting platforms and regularly verifying compliance with ANAF Order 407/2025 is essential to maintain a transparent and auditable financial structure.