As part of our tax services, we offer a wide range of solutions in compliance with the current tax regulations in Romania (Codul Fiscal). Our accounting firm provides professional support for small and medium-sized enterprises as well as large companies.
Our services include:
- Company registration for tax purposes, including VAT (TVA) registration and corporate income tax registration with the National Agency for Fiscal Administration (Agenția Națională de Administrare Fiscală, ANAF);
- Preparation and submission of tax declarations:
- Monthly, quarterly, and annual VAT returns (forms 300, 394);
- Corporate income tax returns (form 101);
- Advance income tax declarations for individuals (forms 112, 100);
- Reporting on income tax related to employment and salaries;
- Preparation of property tax reports and other local fee declarations;
- Tax accounting, including recording income and expenses, maintaining VAT ledgers, and conducting financial and tax analyses;
- Support in preparing annual financial statements in accordance with the requirements of the National Association of Authorized Romanian Accountants (CECCAR) and balance sheet regulations;
- Settlement of international transactions, including support for intra-EU VAT, as well as imports and exports;
- Tax analysis and optimization, identifying opportunities to legally reduce tax burdens;
- Support during tax audits, including document preparation and representation before ANAF;
- Preparation of financial reports and statements in accordance with International Financial Reporting Standards (IFRS) or corporate requirements;
- Monitoring and updating changes in tax regulations, as well as implementing them in ongoing reporting processes.
With extensive experience in the Romanian tax system, our team of specialists ensures accuracy, punctuality, and compliance with applicable regulations. Our clients can focus on growing their businesses, confident that their tax matters are in good hands.
As part of our HR services, we offer:
- Comprehensive management of HR documentation in compliance with labor laws in Romania;
- Preparation and management of employment contracts in accordance with the current provisions of the Romanian Labor Code (Codul Muncii) and the Client’s internal regulations;
- Calculation and administration of leave days, including annual leave, maternity leave, paternity leave, parental leave, sick leave, and other types of leave as prescribed by law;
- Employee registration in the social insurance system (CAS – Casa de Asigurări Sociale) and health insurance system (CASS – Casa de Asigurări de Sănătate);
- Maintaining records of medical examinations (medicina muncii) and monitoring their validity;
- Preparation and issuance of employment certificates (Adeverințe de vechime), income certificates, and other legally required documents;
- Preparation of HR reports for state institutions, such as the Labor Inspectorate (Inspectoratul Teritorial de Muncă, ITM) and the National Institute of Statistics (Institutul Național de Statistică, INS);
- Organization and supervision of mandatory health and safety training (Securitate și Sănătate în Muncă, SSM).
As part of our payroll services, we offer:
- Payroll calculation, including allowances and deductions (e.g., for overtime, leave, sick leave, CAS, CASS contributions, and income tax advances – PIT);
- Preparation of payroll sheets (state de plată) and reports for accounting purposes;
- Preparation and execution of salary transfers to employees’ bank accounts;
- Preparation and submission of monthly declarations to the National Agency for Fiscal Administration (ANAF), including form D112 (Cumulative Declaration on Contributions and Taxes);
- Preparation of income certificates and pay slips (fluturași de salariu) for employees;
- Generation of payment orders for state authorities (CAS, CASS, ANAF);
- Preparation and submission of annual income statements, such as form 205 and other required documents.
Our services are fully compliant with the legal requirements in Romania and tailored to the individual needs and expectations of our clients. This ensures comprehensive and top-level HR and payroll support.
Employees seconded to work abroad are subject to extensive European regulations from 2004 and 2009. The method of calculating salaries for employees seconded under A1 certificates differs significantly from the payroll processes for employees working locally in Romania. Financially, it is much more advantageous for the employer.
We are one of the few accounting firms in Romania that manage HR and payroll for employees seconded under A1 certificates.
Team
We rebuild our accounting service with a fresh highly professional team and since 1 June 2024 our team of five qualified accountants aboard takes care of bookkeeping for our clients every day. You can count on our responsiveness and impeccable communication. We pride ourselves in multiple years of experience, expertise and qualification in accounting. Our staff serves efficiently and communicates effectively to satisfy your business needs.
Pricing
Our pricing structure in Romania is highly competitive despite the premium quality of our services compared to other providers in the market. The cost of our accounting services depends on the number of accounting transactions we need to process each month. Consequently, inactive companies can benefit from affordable pricing options.