Proceedings of The 5th World Conference on Social Sciences
Year: 2022
DOI:
[PDF]
Increasing the capacity of public administration
Dr. Gabriela Cristina PATRASCU,Dr. Mihaela AGHENIȚEI
ABSTRACT:
The ambitious deadlines set by the Romanian tax authorities in the context of the digitalization of the tax administration by implementing the latest initiatives – SAF-T, RO e-Invoice and RO e-Transport systems are the main challenges of the business environment agenda.
The Standard Audit File for Tax – SAF-T is a standardized file that facilitates fiscal control by the Romanian tax authorities and simplifies tax compliance for taxpayers. In addition to this, SAF-T also guarantees the information security.
Starting with January 2022, the large taxpayers in Romania are required to declare their tax and accounting information electronically through the SAF-T system.
As this reporting has raised multiple questions and challenges, our specialists are reacting and offering you support to successfully submit your file.
Starting with 1 April 2022 (optional), respectively with 1 July 2022 (mandatory), companies involved in transactions with high-risk products use the RO e-Invoice system to issue invoices and must report specific data in the RO e- Transportation system.
Given that the intention of the authorities is to extend these requirements, companies should prepare in advance to meet the new compliance obligations.
keywords: administration, challenges, development, public work, requirements