Romania’s Ministry of Finance has announced the removal of the obligation to submit semi-annual accounting reports for 2026. The measure aims to simplify companies’ administrative obligations and reduce bureaucracy without affecting the requirements for preparing and filing annual financial statements.
Thank you for reading this post, don't forget to subscribe!As a result of this decision, economic operators subject to the accounting regulations issued by the Ministry of Finance will no longer be required to submit accounting reports as of 30 June 2026.
Which Companies Are Affected by This Measure
In previous years, the obligation to submit semi-annual accounting reports applied to certain economic operators, particularly those whose turnover exceeded the lei equivalent of EUR 1 million at the end of the previous financial year.
The legal basis for this requirement is established by Romania’s Accounting Law No. 82/1991, which authorizes the Ministry of Finance to request accounting reports during the financial year in addition to the annual financial statements.
For 2026, this requirement has been suspended, reducing the volume of reports that companies must prepare and submit to the authorities.
Which Reporting Obligations Remain in Force
The abolition of semi-annual accounting reports does not affect the obligation to prepare and file annual financial statements, which remains fully applicable under the legislation currently in force.
The Ministry of Finance has clarified that this measure applies exclusively to the 2026 financial year. Depending on administrative needs and future accounting reporting requirements, the authorities may reassess whether to reintroduce semi-annual accounting reports in the following years.
For companies, this change represents a simplification of compliance obligations and a reduction in the time devoted to administrative activities, contributing to a more efficient and predictable reporting framework.