In a significant development, the Romanian National Agency for Fiscal Administration (ANAF) has issued Order 1996/2023, aimed at aligning the country’s tax regulations with the digital economy. This order introduces Form F7000, specifically designed for online platform operators, to facilitate tax compliance in accordance with Government Ordinance 16/2023 and the European Directive DAC7.
Key Highlights:
- Annual Reporting Requirement: Operators of online platforms are now required to submit annual reports by January 31st for the previous year’s activities, with the first reporting deadline set for January 31, 2024, covering activities in 2023.
- DAC7 Implementation and Tax Transparency: DAC7 is designed to enhance transparency in economic activities conducted through digital platforms. ANAF Order 1996/2023, applicable to marketplaces and other digital platforms, mandates detailed reporting of economic activities carried out by users, including sales of goods, provision of services, and leasing of real estate.
- Form F7000 and Reporting Procedure: Form F7000, to be completed electronically and submitted annually by January 31st, contains comprehensive information about the economic activities of platform users. This enables tax authorities to efficiently collect the necessary data for tax compliance.
- Recommendations for Platform Operators: Platform operators are advised to utilize Form F7000 and the assistance program available on www.anaf.ro to report the required information.
- Information to be Reported by Each Platform Operator: This includes details about the platform itself, users, and economic activities, such as the name, registered address, tax identification number, and trade name of the platform. Additionally, for each reportable seller who conducted relevant activities (excluding real estate leasing), information must be provided, such as name, primary address, tax identification number, date of birth (for individuals), and VAT number (if applicable).
- Correction and Updates: Procedures are in place for correcting and updating the reported information, initiated either by operators, other reporting jurisdictions through ANAF, or as a result of notifications from ANAF. Possible corrections include modifying or supplementing initially reported information and canceling previously submitted data.
ANAF’s objective with Order 1996/2023 is to ensure that sellers and digital service providers fulfill their tax obligations. This order represents a significant effort to align Romanian regulations with European standards and enhance tax collection in the digital era.
Our team of professional is available for any clarifications or additional details required in your analysis. The above information represents just a summary of aspects we consider relevant in the recently published legislation. This is not exhaustive disclosure of information and it is not intended to be used as advice on any particular matter. We invite all readers to contact us for further clarification of any specific issue. Argus Audit team and its associates disclaim liability in any action taken by a third party in reliance exclusively on summarized information presented in our publications.