Publication of Order MF 107/2025 on annual financial statements and accounting reports for 2024
Ministry of Finance Order No. 107/2025, which regulates the preparation and filing of annual financial statements and accounting reports for the year 2024, was published in Official Gazette No. 59 and entered into force on January 23, 2025.
The National Agency for Tax Administration (ANAF) has already made the electronic forms available, facilitating the completion and online submission of the reports.
Filing deadlines for 2024 financial statements
The regulatory act sets the following deadlines, recently amended:
- For companies : June 2, 2025 (the original deadline of May 31 is delayed because it falls on a Saturday). This deadline also applies to annual accounting reports.
- For ONGs: April 30, 2025.
Obligations for micro-enterprises
Taxpayers who pay income tax on microenterprises and wish to remain in this regime must file their financial statements by the statutory deadline, along with meeting other specific conditions.
Categories of reporting entities
The following entities are required to prepare and submit annual accounting reports:
- Legal entities in liquidation;
- Romanian subunits of companies established in the European Economic Area;
- Entities that have a financial year different from the calendar year, according to the Accounting Law;
- Entities that apply the accounting regulations provided by OMFP no 2844/2016.
Changes compared to 2023 reporting
By MF Order 107/2025, the following changes are introduced:
✅ Separate reporting of the net turnover derived from operations carried out within the national territory;
✅ Clarifications regarding the signing of the annual financial statements and accounting reports, specifying that they must be signed by the administrator/legal representative, together with the economic director, chief accountant or other authorized person.
Submission of financial statements
The annual financial statements must be submitted to the territorial units of ANAF, drawn up in Romanian and expressed in lei.
The submission methods are:
- In printed and electronic format, directly at the ANAF registry office or by post (with registered mail and declared value);
- Exclusively electronic, through the e-Guvernare.ro portal (electronic signature is mandatory).
🔹 Beginning with the 2025 financial statements (2026 deadline), filing will be online only.
Declaration of inactivity
Entities that have been inactive from inception until the end of 2024 are not required to prepare annual financial statements. Instead, they must file a declaration of inactivity with ANAF within 60 days of the end of the 2024 financial year.
Penalties for late filing
Missing the legal deadline for submitting financial statements can attract fines, depending on the period of delay:
- 1-15 working days late: fine between 300 and 1,000 lei;
- 16-30 working days late: fine between 1,000 and 3,000 lei;
- Over 30 working days: fine between 1,500 and 4,500 lei.
If balance sheets are not filed at all, the penalty can range from 2,000 to 5,000 lei.