Approval of accounting reports as at 30 June 2024: OMF no. 3,100/2024

The takeaway 

Order of the Minister of Finance (OMF) no. 3,100/2024 approved the Accounting Reporting System as at 30 June 2024 for economic operators which in the previous financial year registered a net turnover higher than the RON equivalent of EUR 1 million, including economic operators for which the financial year is different from the calendar year. 

The accounting reports have to be submitted to the territorial units of the Ministry of Finance in electronic format by 19 August 2024 at the latest, on the www.e-guvernare.ro portal, and be signed with a qualified digital certificate. 

In the accounting reporting as at 30 June 2024, the expenses with the profit tax at the level of the minimum turnover tax are to be presented separately.

In detail 

The accounting reporting as at 30 June 2024 is prepared by the 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. They are also prepared by the persons affected by the Accounting Regulations in accordance with the International Financial Reporting Standards, as approved by the Order of the Minister of Public Finance no. 2.844/2016 if in the previous financial year they recorded a net turnover higher than the RON equivalent of EUR 1 million, and it is also signed by the administrator or the person who manages the entity. 

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, for 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 2024, those that were temporarily inactive throughout the first semester of 2024, those established during 2024 and legal entities that are being liquidated, according to the law. 

The accounting reports as at 30 June 2024 include the following forms: 

• Statement of assets, liabilities and equity (code 10). 

• The profit and loss account (code 20), 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). 

Our team is at your disposal for more information about the structure of the reporting, how to complete the information required in the accounting reporting on 30 June 2024 and its implications for you, or for assistance in relation to the preparation/submission of the forms required for the Accounting Reporting System as at 30 June 2024. 

Source: [Order of the Minister of Finance no. 3.100/2024 for the approval of the accounting reporting system on 30 June 2024 of economic operators, published in the Official Gazette no. 696 dated 18 July 2024]