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Accounting Services in Romania

Bookkeeping · VAT · payroll · annual accounts · company liquidation · bank account

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Every Romanian company – regardless of size, activity or ownership – has mandatory accounting and tax compliance obligations from the first month of registration. A qualified Romanian accountant (contabil autorizat or expert contabil) is not optional: financial statements must be prepared by a licensed professional, and tax returns filed with ANAF must be submitted on strict deadlines.

Romania for Business Advisory S.R.L. coordinates accounting services for international entrepreneurs and foreign-owned Romanian companies through its partner network of qualified Romanian accountants. All client communication, reporting and explanations are provided in English – so international founders understand their company’s financial position and compliance status, not just that filings have been submitted.

An accountant is required from the first month of activity – not the first year

Romanian law requires that all financial records be maintained by a qualified accountant from the start of the company’s activity. For companies on the microenterprise tax regime, an employee must be hired within 90 days of registration – and the accountant must be engaged simultaneously to manage the payroll. Starting without a qualified accountant creates compliance risk from day one.

Romanian Accounting – Key Facts for International Clients

1%–16%

Tax rate range – micro to standard CIT

21%

Standard VAT rate

25th

Monthly / quarterly ANAF filing deadline

Statutory

Annual financial statement deadline

€33/mo

Starting monthly accounting fee

Accounting Services for Romanian Companies

Romania for Business Advisory S.R.L. provides accounting services across five areas. Each is supported by a dedicated page with full process detail, timelines and pricing.

Monthly Accounting & Bookkeeping

Ongoing monthly accounting – recording transactions, bank reconciliation, VAT returns and payroll for active Romanian companies.

  • Monthly bookkeeping
  • Bank reconciliation
  • VAT return (D300)
  • Payroll (REGES-ONLINE)
  • Tax declarations

View monthly accounting →

Annual Report & Financial Statements

Preparation and filing of the annual bilanț contabil – mandatory for all Romanian companies.

  • Bilanț contabil (31 Dec)
  • ANAF e-filing
  • D101 CIT declaration
  • Dividend preparation

View annual report service →

VAT Registration in Romania

National and EU/VIES VAT registration – eligibility analysis, document preparation and ANAF filing coordination.

  • Eligibility assessment
  • ANAF application filing
  • EU VAT (VIES) registration
  • VAT return setup
  • VAT deregistration

Register for VAT →

Company Liquidation

Full coordination of the Romanian company dissolution and liquidation process – from shareholders’ resolution to ONRC de-registration.

  • Dissolution resolution
  • Liquidator appointment
  • Creditor notification
  • ANAF clearance certificate
  • ONRC de-registration

Start liquidation →

Bank Account Opening

Bank selection advice, documentation preparation and appointment coordination for opening a Romanian company bank account.

  • Bank selection guidance
  • Document pack preparation
  • In-person appointment prep
  • Digital bank alternatives
  • Post-opening setup

Open a bank account →

Need accounting support?
Speak to our team about your specific needs.

Contact us →

What a Romanian Accountant Manages for Your Company

International founders are often surprised by the volume and frequency of accounting and tax obligations in Romania. The following table shows the full scope of what a qualified Romanian accountant manages on behalf of an active Romanian SRL.

Accounting responsibility Detail
Monthly bookkeeping Recording all income and expenditure transactions – customer invoices, supplier invoices, bank payments, expense receipts – in the company’s accounting system. Bank account reconciliation monthly.
VAT return (D300) If VAT-registered, a monthly or quarterly VAT return (Declaration 300) must be submitted to ANAF by the 25th of the following month/quarter. VAT due is paid simultaneously.
Microenterprise revenue tax (D100) If on the microenterprise regime, a quarterly revenue tax declaration (D100) must be submitted by the 25th of the month following each quarter. Tax at 1% of total quarterly revenue is paid at the same time.
Payroll processing If the company has employees, monthly payroll must be calculated – including gross salary, income tax (10%), health contributions, social contributions and employer contributions. Employment records must be registered in REGES-ONLINE (the national employment register).
Payroll declarations Monthly payroll tax and social contribution declarations (D112) must be submitted to ANAF and paid by the 25th of each month. Separate submission to the pension authority (CNPP) and health authority (CNAS) may be required.
Annual financial statements (bilanț) The annual financial statements must be prepared for the full calendar year and submitted to ANAF within the statutory filing deadline applicable under Romanian accounting law. This is the primary annual accounting deliverable.
CIT annual declaration (D101) Companies on the standard 16% CIT regime must submit an annual corporate income tax declaration (Declaration 101) by 25 March of the following year (some exceptions apply). CIT quarterly prepayments may also be required.
Trade Register updates Significant accounting events – capital increases, profit distributions, address changes – may trigger Trade Register (ONRC) filings that the accountant coordinates alongside the legal team.

Romanian Accounting Compliance Calendar

The table below is the standard compliance calendar for an active Romanian SRL. Deadlines depend on the company’s tax regime, VAT status and employee count. Your accountant manages all deadlines proactively – missing a deadline results in fines from ANAF.

Frequency Deadline Obligation
Monthly 25th of following month VAT return (D300) – if VAT-registered, monthly filer
Monthly 25th of following month Payroll tax & social contributions (D112) – if employees
Quarterly 25th after quarter end Microenterprise revenue tax (D100) – 1% of revenue
Quarterly 25th after quarter end CIT prepayment (D100) – if on standard CIT regime
Quarterly 25th after quarter end VAT return (D300) – if VAT-registered, quarterly filer
31 December Statutory annual filing deadline Annual financial statements (bilanț contabil) – filed with ANAF
31 December 25 March (following yr) Annual CIT declaration (D101) – standard CIT companies only
On change Within 15 days UBO (beneficial owner) declaration update – if ownership changes
On change Within 30 days Trade Register filing – director, address, activity or capital changes
Annual 31 December Registrul Unic de Control – confirm register is current and at premises
Missing ANAF deadlines results in fines – your accountant tracks them all

Late VAT returns attract fines of RON 1,000–5,000. Late annual financial statements attract fines of RON 2,000–5,000. Late payroll declarations result in fines of RON 500–2,500 per employee affected. Your Romania For Business accounting partner manages all filing deadlines proactively – with calendar reminders sent to the client before each deadline.

Tax Regimes – How They Affect Your Accounting Obligations

The tax regime applicable to your Romanian SRL determines which declarations must be filed, how frequently, and what the tax base is. Your accountant advises on the appropriate regime at registration and monitors eligibility conditions throughout the year.

Regime Tax rate Tax base Key conditions
Microenterprise – 1% 1% Gross revenue Revenue ≤ €100k; ≥1 employee; other statutory eligibility conditions apply
Standard CIT 16% Taxable profit Revenue > €100k or the company does not meet the conditions for the microenterprise regime
Dividend tax 16% Dividend paid Withheld at source when dividends distributed to individual shareholders
VAT – standard 21% Taxable supply Mandatory above RON 395,000 annual turnover; voluntary below threshold
VAT – reduced 11% Taxable supply Qualifying goods and services subject to the reduced VAT rate
VAT – zero 0% Taxable supply Exports, intra-EU supplies (VIES), certain specific categories
Tax rates and microenterprise conditions change – verify annually

Romanian tax rates and microenterprise eligibility thresholds have changed several times since 2022. All rates and conditions above must be verified with a qualified Romanian accountant for the current year. Do not publish without confirming current figures.

Why International Companies Choose Our Accounting Service

What we offer Why it matters for international clients
English-language reporting Monthly financial summaries, tax declarations and ANAF notices explained in plain English – not just filed and forgotten.
Qualified Romanian accountants Services delivered by licenced contabili autorizați or experți contabili – the only professionals legally permitted to sign Romanian financial statements.
Proactive deadline management Your accountant tracks every ANAF deadline and sends advance reminders. Missing a deadline never happens because you forgot – it happens because you were not warned. We warn you.
Integrated with legal & HR Your accounting team is coordinated with the Romania For Business legal and HR teams – so decisions on salary structure, dividend timing, CAEN code amendments and corporate changes are made in context.
Transparent pricing Monthly fees confirmed in writing before engagement. Volume-based pricing scales fairly with company activity – dormant companies pay less than active ones.
ANAF inspection support If ANAF inspects your company, your accountant and our legal team work together on the response – providing the documentation, preparing the position and attending on your behalf where needed.

ACCOUNTING SERVICES IN ROMANIA

from €33 / mo
see full pricing below

STANDARD ACCOUNTING SERVICES PACKAGE INCLUDES:

  • Monthly bookkeeping – recording all transactions, bank reconciliation, expense categorisation
  • VAT return filing (D300) – monthly or quarterly, coordinated with ANAF
  • Payroll administration – salary calculation, payroll tax, social contributions
  • Quarterly microenterprise tax declaration (D100) – revenue tax at 1%
  • CIT declaration – annual corporate income tax return (D101) for standard CIT companies
  • Annual financial statements (bilanț contabil, 31 December) – filed within the statutory annual filing deadline
  • ANAF compliance calendar management – deadline tracking and reminders
  • Client liaison in English – all reports and communications in English

PRICING BY SERVICE – INDICATIVE MONTHLY RATES

  • Monthly bookkeeping – dormant company (no transactions) from €33/mo
  • Monthly bookkeeping – active company (up to 50 transactions/mo) from €66/mo
  • Monthly bookkeeping – active company (51–150 transactions/mo) from €100/mo
  • Payroll administration (per employee per month) from €20/mo
  • VAT registration (national or EU/VIES) from €150
  • Annual financial statements (bilanț) – standalone from €100/yr
  • Company liquidation – full process coordination from €800
  • Bank account opening coordination from €300

Fees confirmed in writing before engagement. Prices depend on transaction volume, company size and VAT registration status. All fees may be subject to Romanian VAT. Accounting services provided through Romania for Business Advisory S.R.L.‘s partner network of qualified Romanian accountants (contabili autorizați).

Frequently Asked Questions – 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 90 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 Advisory S.R.L. 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 within the statutory filing deadline applicable under Romanian accounting law. 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 Advisory S.R.L.‘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 Advisory S.R.L. 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.