It was published the Order no. 1194/2025 issued by the Ministry of Finance, in the Official Gazette no. 730 of August 5, 2025. The Order regulates the accounting reporting obligations as of June 30, 2025, for economic operators.

1. Who is required to report
The following entities, who recorded a net turnover exceeding the RON equivalent of EUR 1,000,000 in the previous financial year (2024), RON 4.974.100,  must prepare and submit accounting reports as of June 30, 2025:
– Economic operators applying:
• Accounting regulations for individual and consolidated annual financial statements (OMFP no. 1802/2014)
• Accounting regulations in line with IFRS (OMFP no. 2844/2016)

– Units in Romania of foreign legal entities
– Permanent establishments in Romania of foreign legal entities
– Entities with a financial year different from the calendar year

Exceptions:
The following entities are not required to report:
• Established in 2025
• With no activity in the first half of 2025
• Temporarily inactive
• In the process of liquidation

2. Reporting deadline
The accounting reports as of June 30, 2025 must be submitted no later than August 18, 2025, to the National Agency for Fiscal Administration (ANAF).
Failure to submit on time will be sanctioned under Article 42 of Accounting Law no. 82/1991.

3. Reference indicators for reporting
The reference financial indicators based on which the applicable forms for accounting reporting are determined shall be established using the annual financial statements of the previous financial year (2024), namely:
• Net turnover
• Total assets
• Average number of employees
These are determined based on:
• Annual financial statements for the year 2024
• Trial balance as of December 31, 2024
• Exchange rate from the National Bank of Romania at the end of 2024
As per Article 3(2) of the Order, these indicators are aligned with point 9 of OMFP no. 1802/2014.