Approval of accounting reports on 30 June 2023: OMF no. 2195/2023

The takeaway 

Order of the Minister of Finance no. 2195/2023 approved the system for accounting reporting as at 30 June 2023 for economic operators which in the previous financial year recorded a net turnover higher than the RON equivalent of EUR 1 million, including economic operators with a financial year different from the calendar year.

The deadline for such accounting reports to be submitted to the territorial units of the Ministry of Finance in electronic format via www.e-guvernare.ro portal is 16 August 2023. They have to be signed with a qualified digital certificate.

In detail

The accounting reporting as at 30 June 2023 is prepared by entities to which the accounting regulations on individual annual financial statements and consolidated annual financial statements are applicable, as approved by Order of the Minister of Public Finance no. 1.802/2014. Entities affected by the accounting regulations in accordance with the International Financial Reporting Standards, as approved by Order of the Minister of Public Finance no. 2.844/2016, also prepare such accounting reports if in the previous financial year they recorded a net turnover higher than the RON equivalent of EUR 1 million.

The inclusion in the criterion of “net turnover greater than the RON equivalent of EUR 1 million” is carried out on the basis of the indicators determined from the annual financial statements of the previous financial year, i.e. the trial balance concluded at the end of the previous financial year, using the exchange rate exchange rate communicated by the National Bank of Romania valid at the end of the previous financial year.

Entities that did not carry out any activity from the date of establishment until 30 June 2023, those that were temporarily inactive throughout the first six months of 2023, those established during 2023 and legal entities in the process of liquidation, according to the law, do not prepare accounting reports on 30 June  2023.

The accounting reports as at 30 June 2023 include the following items:

• The situation regarding assets, liabilities and equity (code 10).

• The profit and loss account (code 20), i.e. the abbreviated profit and loss account (code 20) or the statement of income and expenses (code 20), depending on the applicable accounting regulations.

• Informative data (code 30).

For more information on the structure, how to complete the information required in the accounting reporting as at 30 June 2023 and its implications for you, or for assistance with the preparation and submission of the forms required for the accounting reporting system, our team is at your disposal.

Source: [Order of the Minister of Finance no. 2195/2023 for the approval of the accounting reporting system on 30 June 2023 of economic operators, published in the Official Gazette no. 677 dated 24 July 2023]