ORDER NO. 916 OF 21 JUNE 2016 FOR APPROVAL OF ACCOUNTING REPORTING SYSTEM ON 30 JUNE 2016 OF ECONOMICAL OPERATORS (OFFICIAL GAZETTE 499/2016) - THE ORDER APPROVES THE SYSTEM OF ACCOUNTING ON 30 JUNE 2016 WHICH IS APPLICABLE TO THE FOLLOWING CATEGORIES OF OPERATORS:

  • Entities that apply the accounting regulations approved by Order 1802/2014, which in the previous financial year recorded a turnover of more than 220,000 lei.
  • Entities that apply accounting regulations in accordance with IFRS, applicable to companies whose securities are admitted to trading on a regulated market, approved by Order 1286/2012, which in the previous financial year recorded a turnover of less than 220,000 lei.
Entities authorized, regulated and supervised by the National Bank of Romania (BNR), respectively the Financial Supervisory Authority (ASF) will submit to the local offices of the Ministry of Public Finance (ANAF) on 30 June 2016 accounting reports in the format and within the deadlines set by the regulations issued by these institutions.
Employment in the turnover criteria shall be based on indicators determined by the annual financial statements of the previous financial year concluded, respectively, shall be based on the trial balance at the end of the previous financial year. The same provisions apply to entities that have opted for a financial year different from the calendar year.