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Declaration 207 – an apparently harmless modification can have a negative impact on the relationships between Romanian companies and their external partners

Declaration 207 – an apparently harmless modification can have a negative impact on the relationships between Romanian companies and their external partners

Starting with this year, the annual Declaration 207 can be drawn up in electronic format.

With the ANAF Order 3695/27 December 2016, which introduced the new format and content of Declaration 207, controversies emerged, as well as questions from the tax payers. In short, all Romanian companies which make payments to non-residents have to register the non-residents in Romania, so that they can receive a fiscal identification code from Romanian authorities.

 

For more information, please see the Romanian version of the article, here.
 

Authors

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ERNST & YOUNG SRL