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September 26, 2022
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Economy Romanian News

Romania to Invest EUR 250 Million for Tax System Digitalization

The Romanian Government intends to invest EUR 250 million in the digitalization of the National Agency for Fiscal Administration.

The Romanian finance minister, Adrian Caciu, reported that a program to accelerate the digitalization of the fiscal administration is being developed.

After being ranked last in the European Union for public digital services, Romania is taking a step forward toward the digitalization of the tax office. The Romanian Government is finally taking into account the need for digitalization, especially in public institutions. Even though Romania trails behind every other EU member state in digital progress, Romania may have a chance for improvement by the end of this project.

The government has started talks with major global software manufacturers such as Microsoft, SAP, SAS, Oracle, Amazon, Google and IBM.

The Ministry of Finance wants to digitize through this project the business-to-business invoice (B2B), and business-to-government invoice (B2G), the Virtual Private Space, the Standard Fiscal Control File (SAF-T), the Romanian e-Transport integrated electronic system for monitoring the road transport of goods with high fiscal risk, the globalization of revenues, digital customs and VAT.

According to Economedia, other systems that will be used to construct the general budget and the tracking of expenses from the budgets of public institutions will be included in the digitalization process.

The total amount for the digitalization project is EUR 250 million. The government intends for these systems to be operational by 2023, and the Ministry of Finance has made requests to the major IT solution providers asking them to offer solutions that have been validated in other EU member states.

Photo source: ANAF facebook

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