Accounting Services in Romania for Foreign-Owned SRLs

When an outside provider keeps the books, the law requires a services contract with members of CECCAR, the body of expert and licensed accountants (art. 10(3) Law 82/1991; art. 21(1) OG 65/1994). Anyone else doing the work commits a criminal offence (art. 43(1) OG 65/1994). The annual statements are drawn up in Romanian and in lei.

Under the accounting services contract, responsibility for keeping the accounts passes to the CECCAR member, under the law and the contract (art. 10(4) Law 82/1991). Responsibility for organising the accounts stays with the company's administrator (art. 10(1)). Both sides sign the contract, which sets out who does what each month and at year end.

CECCAR's register, the Tabloul Corpului, is published every year in the Official Journal, Part I, and membership is proven by a card stamped each year (art. 21(1) OG 65/1994). CECCAR's online member search takes a name or a registration number (număr matricol) and shows the visa for the current year.

Computing taxes, filing returns and representing the client before the tax authorities are tax work inside the accounting contract (art. 6(a) OG 65/1994). The power of attorney is lodged in original or legalised copy (art. 18(2) Fiscal Procedure Code). Stand-alone tax consultancy is reserved to the CCF register (art. 8(6) OG 71/2001) and not offered here.

Romanian annual financial statements are drawn up and published in Romanian and in lei (OMF 2.036/2025, Annex 1, pt. 1.4). The English layer is our reporting to you: what it covers and how often you receive it are agreed in the accounting contract before the work starts.

Sales and purchase invoices, bank statements, contracts and payroll changes, in time for the returns due by the 25th of the following month; the contract sets the exact list. Books and supporting documents are kept for 10 years from the end of the financial year, and payroll statements for 50 years (art. 25(1) Law 82/1991, as republished in 2008).

A micro-enterprise pays 1% of its revenue (art. 51(1) Fiscal Code). The regime requires at least one employee (art. 47(1)(g)), and from 1 January 2026 its revenue ceiling is EUR 100,000 (art. 54(3)). A company that crosses the ceiling during the year pays profit tax from that quarter (art. 52(1)). Profit tax is 16% (art. 17).

The standard VAT rate is 21% and the reduced rate 11%, both since 1 August 2025 (art. 291 Fiscal Code, as amended by Law 141/2025). The VAT exemption threshold is 395,000 lei of annual turnover since 1 September 2025 (art. 310(1) Fiscal Code, OG 22/2025).

From 1 January 2026, dividends are taxed at 16% (Law 141/2025): final for individuals (art. 97(7) Fiscal Code); between Romanian companies, unless the recipient has held a qualifying stake for a year and both pay profit tax; withheld for non-residents, unless a treaty or the EU parent-company exemption lowers it. More on tax on dividends paid by a Romanian SRL.

A company can be declared fiscally inactive if it files no return in a calendar half-year, files its annual statements 5 months late or has no payment account in Romania (art. 92 Fiscal Procedure Code). Trading while inactive loses the deduction of expenses and input VAT (art. 11(6) Fiscal Code); not reactivated within a year, the company is dissolved.

A new company opens a payment account in Romania within 60 working days of formation, a duty in force since 1 January 2026 (art. 1(12)-(13) Law 70/2015, inserted by Law 239/2025). Not opening one is fined 3,000 to 10,000 lei, and having no payment account in Romania is a ground for fiscal inactivity (art. 92 Fiscal Procedure Code).

A company is subject to statutory audit when, at the balance-sheet date, it exceeds at least two of three limits: total assets of 16,000,000 lei, net turnover of 32,000,000 lei, an average of 50 employees during the year (OMF 2.036/2025, Annex 1, pt. 2.6(4)). Statutory audit is reserved to financial auditors (art. 7 OG 65/1994) and is not offered here.