Accounting Services in Romania

Yes. Romanian law requires that all company accounting records be maintained by a qualified accountant (contabil autorizat or expert contabil) from the start of the company’s activity. For companies using the microenterprise tax regime, an employee must be hired within 30 days of registration — which means payroll must be set up immediately. Engaging an accountant at registration — not after the first filing deadline — is strongly recommended.

Yes. Romania For Business SRL coordinates accounting through partner accountants experienced in working with international clients. All client-facing reporting — monthly summaries, tax declarations, ANAF notices and compliance reminders — is delivered in English. Romanian-language documents are filed with ANAF as required by law.

Monthly accounting fees depend on the company’s activity level — primarily the number of accounting transactions per month. Indicative fees start from €33/month for a dormant company with no transactions, and from €66/month for an active company processing up to 50 transactions per month. VAT-registered companies, companies with employees and higher-volume companies pay more. All fees are confirmed in writing before engagement.

A dormant company is one that has been registered but has not yet conducted any commercial activity — no invoices issued, no expenses, no employees. Dormant companies still have filing obligations (annual financial statements must be submitted even if there is no activity), but the accountant’s workload is minimal and fees are lower. An active company has regular transactions and requires full monthly bookkeeping.

The annual financial statement (bilanț contabil) is the primary annual accounting document — comprising the balance sheet, profit and loss account, cash flow statement and supporting notes. It must be prepared by a licensed Romanian accountant for the calendar year ending 31 December and submitted electronically to ANAF by 30 June of the following year. Failure to file on time results in fines of RON 2,000–5,000.

VAT registration is mandatory when annual taxable turnover exceeds RON 395,000 (approximately €80,000). Below this threshold, VAT registration is optional — you can apply voluntarily. EU VAT registration (VIES) — which allows you to conduct VAT-exempt intra-EU transactions — is a separate application. Our accounting team analyses whether VAT registration is beneficial for your company’s situation before recommending an approach.

ANAF imposes fines for late filings: VAT return late filing — RON 1,000–5,000; payroll declaration late — RON 500–2,500 per employee; annual financial statement late — RON 2,000–5,000. Repeated non-compliance can trigger an ANAF inspection. Romania For Business SRL’s accounting partners manage all deadlines proactively and send advance reminders to clients before each filing deadline.

Yes. Company liquidation requires specific accounting procedures — final financial statements, ANAF clearance certificate, settling of all tax obligations and formal de-registration with ONRC. Our team coordinates the full liquidation accounting process. See our Company Liquidation page for full details.

No — the accounting and tax compliance obligations are identical for foreign-owned and Romanian-owned SRL companies. The only practical difference is that international clients typically need all reporting in English rather than Romanian, and may require additional coordination for cross-border transactions (VAT on intra-EU services, transfer pricing for related-party transactions, withholding tax on dividends paid abroad).

Yes. Romania For Business SRL coordinates accounting, legal, HR, licensing, real estate and company establishment services through an integrated model. Your accounting partner is aware of your company’s legal structure, tax regime and operational context — which means decisions on salary vs dividend, timing of profit distributions, capital increases and corporate changes are made with the full picture.