The introduction of SAF-T Romania brings about a significant change in tax reporting for non-resident taxpayers, with new compliance requirements set to go into effect in January 2025. The initial deadline for filing is February 28, 2025, and applies to all transactions made in January by VAT-registered non-resident companies. The Romanian tax authorities have granted a grace period until July 31, 2025, but failure to comply after this date may result in penalties of up to 1,000 EUR for late submissions.

Double taxation can be a significant concern for individuals and businesses operating in both Romania and Belgium. This issue arises when the same income is taxed in more than one jurisdiction, leading to an unfair financial burden on taxpayers. To avoid such situations and to promote cross-border trade and investment, Romania and Belgium have signed a Double Taxation Agreement (DTA) that aims to prevent income from being taxed twice — once in Romania and once in Belgium.

Are you prepared to dominate the realm of electronic invoicing in Romania?

Welcome! We proudly present our "E-factura in Romania Crash Course" video, the perfect resource for preparing for the upcoming mandatory e-invoicing revolution. This captivating video will showcase my knowledge and offer a comprehensive, step-by-step tutorial on how to adapt to the revised fiscal reporting procedures.

In the coming year of 2024, significant modifications are set to take place regarding corporate taxation. Here are the primary alterations that will be implemented.

Conditions for inclusion as a micro-enterprise in Romania

The most important changes concern the classification of companies as micro-enterprises.