I can either hire a full-time accountant, or externalise (outsource) the accounting services to a specialised accounting firm

The Notarised Power of attorney empowers my accountant to represent me in front of the tax agency and to upload my tax statements to the tax agency’s platform, on my behalf

As soon as I start the company, a number of important deadlines start to tick, after which my Business in Romania is exposed to fines and penalties

In order for my company to function, it will need money. After the first invoices, money will start coming from clients. But, in the beginning, the most likely source of money for the company will be myself or my associate shareholders, if any

An expense is tax deductible only if it is in relation with the business activity, is properly documented - and is recorded within the deadline. The full set of documents which I need to present my accountant include, from case to case, bank statements, invoices, service reception notes (=ro. proces-verbal), as well as cash receipts, fuel receipts and additional travel documents. Let’s look at it in detail.

Should I get my company's tax statements certified or not?

Tax inspections are run according to the Tax Procedure Code, which regulates the rights & obligations of the inspectors and of the company inspected. For instance, during the tax inspection I have the right to be assisted by a tax advisor