Bookkeeping Services in Romania for Foreign-Owned Companies

Only through one of two routes. The company may run its own accounting department, led by a person with higher economic education (art. 10(2) Law 82/1991), or sign a services contract with a CECCAR member (art. 10(3)). Nobody else may keep the books, and the statutory statements are drawn up in Romanian and in lei.

Both carry a duty. Under the accounting services contract, responsibility for keeping the accounts passes to the CECCAR-registered provider, under the law and the contract (art. 10(4) Law 82/1991). The company's administrator keeps responsibility for organising the accounts (art. 10(1)) and for paying the tax from the company's account.

Only persons entered on CECCAR's Tabloul Corpului, the register of members, may carry on the profession of expert contabil or contabil autorizat (art. 21(1) OG 65/1994). CECCAR publishes the Tabloul every year in Monitorul Oficial, Part I, so the name of the accountant who performs a contract can be checked against it.

No. The annual financial statements are drawn up in Romanian and in lei (OMF 2.036/2025, Annex 1 pt. 1.4), and so are the books. What you receive in English is our monthly report: a service deliverable that explains the month's figures and the filings due, not a statutory book.

Tax work inside the accounting contract, yes: computing taxes, preparing and filing returns and representing the company before the tax authorities (art. 6(a) OG 65/1994). Stand-alone tax advice and tax planning need consultant fiscal status with the CCF (art. 7 OG 65/1994; art. 8(6) OG 71/2001) and are not sold here.

Monthly, where they apply: returns 300, 390 and 112 by the 25th, and SAF-T D406 by the last calendar day of the month after its period. Quarterly: micro-enterprise tax by the 25th after each quarter, or profit tax by the 25th after quarters I to III. Yearly: the annual statements by 31 May. The calendar above gives each article.

Bank statements of the Romanian account, sales invoices (for Romanian customers, the RO e-Factura invoices), purchase invoices, expense documents, new contracts and any staff change before it happens. The monthly cut-off day is a term of the contract, set so that the 25th can be met; no statute sets it.

A company identifies itself to ANAF online only with a qualified electronic certificate (art. 80(1)(a) Fiscal Procedure Code). ANAF's acts arrive in SPV, ANAF's free online account. Our accountant files the returns and answers ANAF under a power of attorney lodged in original or legalised copy (art. 18).

Between taxable persons established in Romania, only an invoice sent through RO e-Factura counts as an invoice (art. 319(1^1) Fiscal Code). Invoices to Romanian consumers have been in the system since 1 January 2025. From 1 January 2026 each invoice is uploaded within 5 working days of its issue date (OUG 120/2021 as amended by OUG 89/2025).

A company that files no return of any kind during a calendar half-year can be declared fiscally inactive (art. 92(1)(a) Fiscal Procedure Code). Separately, its VAT code is cancelled after six months or two quarters without a VAT return (art. 316(11)(d) Fiscal Code). An inactive company loses its deductions and, if not reactivated within one year, is dissolved.

Not filing them is sanctioned under art. 42 Law 82/1991 (OMF 2.036/2025, Annex 1 pt. 3.4). A micro-enterprise loses the regime and pays profit tax from that quarter (art. 47(1)(i), 52(2) Fiscal Code). From 1 January 2026, statements not filed within 5 months of the deadline are also a ground of fiscal inactivity (art. 92(1^2)(b) Fiscal Procedure Code).

Yes. Filing the annual statements on time is a condition of the regime (art. 47(1)(i) Fiscal Code), and profit tax applies from the quarter in which it fails (art. 52(2)). The regime also needs one employee, within 90 days for a new company (art. 48(3)), and revenue within EUR 100,000 from 1 January 2026 (art. 54(3)).

A company whose annual turnover does not exceed 395,000 lei may stay outside VAT (art. 310(1) Fiscal Code); the threshold rose from 300,000 lei on 1 September 2025. A VAT-registered company charges the standard rate of 21%, in force since 1 August 2025 (art. 291(1)), and files the VAT returns in the calendar above.

Books and supporting documents are kept for 10 years from the end of the financial year in which they were drawn up, and payroll statements for 50 years (art. 25(1) Law 82/1991). Documents lost or destroyed are reconstituted within 30 days of discovery (art. 26). On a change of accountant, the archive moves with the handover.

Our fee is on request, set by documents a month, staff and VAT period. We found no state fee for the filings in the texts we read; SPV is free. The cost is fines: 500 to 1,000 lei for a small company's late return, 1,000 to 5,000 lei for a late SAF-T file (art. 336(2)(d), 337^1(2)(a) Fiscal Procedure Code).