- Romania is introducing two new identifiers to modernize its tax system, aiming to streamline compliance and enhance data privacy.
- The first is a digital identification number (DIN) as an alternative to the traditional personal code (CNP) for B2C transactions, strengthening data protection.
- The second is a non-fiscal identifier for foreign entities subject to Romanian tax obligations, facilitating interactions with the tax authority.
- While intended to improve tax administration and protect taxpayer information, the full impact on businesses and individuals will become clearer as the legislation is finalized and implemented.
Source Comarch
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