Business & InvestmentAnnual Tax Reporting
Annual Tax Compliance
Source: National Agency for Fiscal Administration (ANAF), Romanian Ministry of Finance — Last reviewed: August 2026
Maintaining strict financial compliance is essential for the legal operation of any company in Romania. Every registered entity, regardless of its size or activity level, is legally obligated to submit annual financial statements to the National Agency for Fiscal Administration (ANAF). These reports must be digitally signed and filed by the statutory deadline, usually the end of May. Even dormant companies that have conducted zero transactions must fulfill their reporting duties by submitting a declaration of inactivity to avoid severe penalties.
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1Annual Reporting Obligation
- Every company registered in Romania (including SRLs) is required to submit annual financial statements electronically, using a valid digital signature, to the National Agency for Fiscal Administration (ANAF).
- The standard deadline for submitting annual financial statements is May 31st of each year (this may be extended by a few days if it falls on a public holiday).
2Consequences of Late Submission
- Failure to submit financial statements can result in fines ranging from 2,000 to 5,000 RON.
- If a company fails to submit financial statements for more than 5 months past the legal deadline, it may be declared "fiscally inactive" by ANAF, which carries severe consequences (such as business partners losing the right to deduct taxes).
3Dormant Companies
- Companies that have had no activity from registration until the end of the financial year do not need to prepare full financial statements; instead, they must submit a declaration of inactivity to ANAF within 60 days of the financial year-end.
- This must be verified based on current regulations and individual circumstances.
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Frequently Asked Questions
What happens if I miss the annual reporting deadline?
Late submissions lead to fines between 2,000 and 5,000 RON, and prolonged delays over 5 months can result in the company being declared "fiscally inactive".
Do I need an accountant if my company has no activity?
You still need an authorized person with a digital signature to submit the declaration of inactivity, though the accounting cost is minimal.
This guide is part of the "Business & Investment" collection.
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