Multinationals risk tax penalties, audit issues, and distorted reporting if account 473 remains unresolved in Romania. Learn best practices for HQ oversight.

Romania’s Ministry of Finance approves Ordinance 1194/2025, setting the mid-year 2025 accounting reporting system for companies with over €1M turnover. Deadline: August 18, 2025.

Romania raises its standard VAT from 19% to 21% on Aug 1, 2025, and unifies the 5% and 9% reduced VAT rates at 11% under new fiscal law 141/2025.

Romania publishes detailed criteria to identify high fiscal risk companies under the Fiscal Code. See who is targeted and how the risk assessment works. High Fiscal Risk Rules for Businesses | ANAF Order 417/2025

Starting July 2025, Romanian authorities use a centralised registry for sanctions under the RO e-Transport system. Learn how ANAF, Customs and Police apply and update penalties.

Tax penalties, legal disputes, reputational damage, and valuation issues for your company - all stemming from the suspense account 473.