- 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
Click on the logo to visit the website
