Romanian Govt Suspends Certified Tax Statement Obligation

Romania's Government has decided not to require companies to certify their yearly tax statements until January 1, 2013, so as to relieve the taxpayers of this additional cost and avoid cases when these statements are not filed at all.

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The decision to suspend this obligation until 2013 was taken by the Government through a recently adopted emergency ordinance.

According to the Fiscal Procedure Code, companies' yearly tax statements must be certified by a fiscal consultant before being filed with the government revenue service, except in the case of firms for which auditing is mandatory.

This rule was introduced in August 2007, through an ordinance amending the Fiscal Procedure Code. It was later suspended until January 1, 2010.

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