According to a draft order put up for debate by the Ministry of Finance (MF) on 29 June, certain companies will submit their half-yearly accounting reports to the authorities exclusively online until 16 August 2022.
Note that the obligation concerns only those with a turnover of more than one million euros.
The draft order, designed to approve the accounting reporting system as of 30 June 2022, must be approved and published in the Official Gazette in order to apply.
Half-yearly accounting reports will be submitted to MF units only in electronic format (PDF file to which an XML file is attached), on the e-Guvernare.ro portal, signed with a qualified digital certificate.
Unlike last year, in 2022 the option of submitting to MF units in printed format has disappeared.
This is the second year in which the half-yearly balance sheets only concern taxpayers with a net turnover exceeding the RON equivalent of one million euro.
According to the draft from MF, the accounting reports as of 30 June 2022 will be mandatory, first, for taxpayers to whom the Accounting Regulations on individual annual financial statements and consolidated annual financial statements (Finance Order 1.802/2014) apply, who in the previous financial year had a net turnover exceeding one million euro.
At the same time, the balance sheets will be mandatory for taxpayers subject to the Accounting Regulations in accordance with the International Financial Reporting Standards (Finance Order 2.844/2016), which in the previous financial year recorded a net turnover exceeding one million euro.
Please note that the turnover of one million euros, equivalent in lei, will be calculated on the basis of the indicators determined in the annual financial statements for the financial year 2021, respectively on the basis of the trial balance closed at the end of the financial year 2021. For this purpose, the exchange rate communicated by the National Bank of Romania, valid at the closing date of the previous financial year, will be used.
The indicators total assets, net turnover and average number of employees will be determined on the basis of the annual financial statements for 2021.
It is important to mention that those that have not carried out any activity from the moment of establishment until 30 June 2022, those that were temporarily inactive during the first half of 2022, those established during 2022 and those in liquidation will not be obliged to draw up accounting reports on 30 June 2022.