Romania has announced the introduction of SAF-T reporting requirements in 2022.
Romania will most likely approve the National Agency for Fiscal Administration (ANAF) legislation and SAF-T systems in 2021. The first phase will start with a pilot of large taxpayers, and later, it could become mandatory for all taxpayers. ANAF signed the contract for the development of its SAF-T system. The completion is scheduled for July 2021.
ANAF has published the SAF-T technical documentation with the standard tax control file requirements, a set of documents detailing mandatory and optional elements to be incorporated in the new SAFT declaration model:
- 'SAF-T_Romania_SchemaDefinitionCodes.xlsx' describes the structure of the SAF-T scheme for Romanian SAF-T reporting
- 'Romanian_SAF-T_Financial_Schema.xsd' describes the SAF-T schemes for SAF-T reporting. The description format is XML Scheme Definition (XSD) and is helpful for companies that develop applications for automatic generation of SAF-T reports
- 'Annex SAF-T - Structura_D.docx' contains the annex of the declaration and describes all the validation rules in ANAF's format
- 'SAF-T OECD Scheme version 2.0' is the SAF-T standard used
KGT’s take and what we offer
The documentation is complete and well prepared. The design is similar to SAF-T Lithuania and SAF-T Portugal, resulting in reduced development time due to the reuse of know-how and methodologies. If you are interested, we can demo functionality and features via our SAP add-on for Portugal. The SAP add-on for Romania is currently in development and will be ready for a demo within two months.
KGT SAP add-ons for SAF-T, e-invoicing and MTD UK for VAT work as a standalone application within the SAP system and does not change existing customer SAP functionality or processes. It is fully configurable with custom namespace /KGT.
KGT partnered up with SAP regarding 'SAP Advanced Compliance Reporting for SAP HANA'. The 'Advanced Compliance Reporting' (ACR) service enables you to configure, generate, analyze, and electronically submit statutory reports that contain indirect taxes, such as value-added tax.
KGT provides also S/4 HANA transformation support.