From 1 January 2022, large Romanian-resident companies and certain foreign-resident companies with Romanian VAT registrations will need to file Standard Audit File for Tax (SAF-T) returns to the Romanian tax authority. SAF-T was first introduced by the Organisation for Economic Co-operation and development (OECD) in 2005 as a standard structure for tax and accounting data to enable easier benchmarking and auditing by tax authorities. It was first adopted in 2008 by Portugal and has since been adopted by a number of other European jurisdictions, with more to come.
Source Ryan
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