SAF-T for Romania supported with SAP Document and Reporting Compliance
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As of January 2022, the Romanian Ministry of Finance introduced mandatory SAF-T declarations in Romania for following types:
- SAF-T Monthly/Quarterly Declaration for Romanian resident companies (L/T) - Deadline 31.07.2022 for large taxpayers (started with 01.01.2022), 31.07.2023 for financial institutions /middle taxpayers (starting with 01.01.2023)
- Declaration for stocks (by request) (C) - It will be based on Tax authority request after Monthly/Quarterly declaration submission.
- Annual Declaration for assets (A) - it is annual declaration with deadline like Annual Financial Statement (for 2022 year, entities with calendar year deadline is May 2023)
As a result, companies in Romania must have the ability to send SAF-T files to tax authorities.
To help customers remain compliant, SAP developed a solution covering the SAF-T Romania requirements, being part of SAP Document and Reporting Compliance.
In this session we will outline the legal requirements our solutions supports followed by a system demo based on SAP Document and Reporting Compliance.
