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PKF Econometrica

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PKF Econometrica

Since 2007, SC PKF Econometrica SRL is a family member PKF International

19/06/2026

We provide full financial and management accounting services for companies and authorized individuals — from day-to-day bookkeeping to complex consolidations, with the flexibility of optional on-site delegation at the client's headquarters.

Our team combines the discipline of a regulated profession with a pragmatic approach to business. Good accounting is not just about staying compliant — it is about giving management the information they need, when they need it.

For our clients, this means accurate reporting, timely tax obligations, and a clean financial trail that supports every strategic decision — from a routine investment to a major restructuring.

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💎 [email protected]
🔔 www.pkf.ro
✅ Experience and expertise

16/06/2026

The VAT refund procedure has changed.

Through Emergency Ordinance 38/2026 (Official Gazette of May 8, 2026), Article 169 of the Tax Procedure Code was amended. ANAF can now define, through orders of the president, additional situations in which taxpayers are considered to present a risk of undue VAT refund.

What this means in practice:
🔹 The Tax Procedure Code no longer lists all the situations exhaustively
🔹 ANAF can update the list of risk criteria through its own orders
🔹 Refund claims may be subject to anticipated tax inspection in a wider range of scenarios
🔹 Companies with recurring refunds should treat each return as a potentially verifiable file

The recommendation: build a pre-verification routine for every refund request — coherent documentation, clear economic justification, and reconciliation between accounting, tax records, and submitted returns.

12/06/2026

At PKF Econometrica, our Audit & Assurance team provides financial audit services in accordance with International Standards on Auditing (ISA) and IFRS, with the rigour that international groups, listed companies, and growing local businesses expect from their auditor.
Our experienced team approaches every engagement with the same methodology and care — whether the client is a multinational subsidiary, a mid-market group, or a company facing its first audit cycle.
Beyond the audit opinion, our clients gain a clearer picture of their financial reality — and the trust of a partner who looks at the numbers with the eyes of an investor, not just an auditor.

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💎 [email protected]
🔔 www.pkf.ro
✅ Experience and expertise

10/06/2026

Multinational and large local groups face a new Pillar Two reporting obligation in 2026.

Government Ordinance 1/2026 introduces the procedural framework for the Global Minimum Tax Information Return (GIR) in Romania.

Key changes:

🔹 A standardised GIR filing format
🔹 Automatic exchange of information between EU tax authorities
🔹 Fines between RON 10,000 and 30,000 for non-compliant filings

The rules apply to groups with consolidated revenues of at least EUR 750 million.

For calendar-year groups, the first GIR filing is generally due by June 25 2026, making data collection, governance and reporting processes a key compliance priority this year.

05/06/2026

Sustainability reporting under CSRD has changed significantly.
Through the Stop-the-clock mechanism, the European Commission postponed Wave II reporting obligations by two years. Companies originally due to report in 2026 or 2027 now have until 2028 (for financial year 2027).

The Omnibus I proposal goes further, narrowing the scope to large companies with more than 1,000 employees — meaning many companies initially covered by Wave II will fall outside the mandatory reporting framework.
🔹 More time for Wave II companies to prepare for ESRS reporting
🔹 Companies under 1,000 employees may no longer be required to report
🔹 Voluntary reporting standards are being prepared for those outside the mandatory scope

The simplification is welcome — but ESG transparency remains a baseline expectation for doing business in Europe.

02/06/2026

Starting July 1st, 2026, the gross national minimum wage increases from RON 4.050 to RON 4.325 — a 6.8% rise.

Key figures:
🔹 New gross minimum: RON 4.325/month
🔹 New net minimum: approx. RON 2.699/month
🔹 Total cost to the employer: approx. RON 4.418/month
🔹 The non-taxable amount decreases from RON 300 to RON 200

The change will directly affect around 1.7 million employees — almost double the current 831.000 paid at minimum wage, due to ripple effects on nearby salary levels.

What employers should prepare:
🔹 Addenda to employment contracts for affected employees
🔹 Updated payroll calculations from July 1, 2026
🔹 A review of internal salary grids

Preparing documents and updating payroll systems in advance avoids issues at month-end.

29/05/2026

CBAM is no longer just a reporting exercise — it is now a real cost.

Starting January 1, 2026, EU imports of steel, aluminium, cement, fertilisers, electricity, and hydrogen are subject to a financial obligation, payable in 2027.

What this means for importers:
🔹 Importers above 50 tonnes per year must register as Authorized CBAM Declarants by March 31, 2026
🔹 Real emissions data from suppliers reduces costs compared to default values
🔹 CBAM data also feeds into CSRD sustainability reporting

Costs will rise as the EU phases out free emission allowances through 2034. Plan your forecast now.

26/05/2026

The annual financial statements deadline is no longer just a formality.

For SRLs, the deadline for submitting the 2025 annual financial statements is June 2nd 2026, as the legal deadline falls on a non-working day.

Starting January 1st 2026, failing to submit the annual financial statements within 5 months after the legal deadline may lead to the company being declared fiscally inactive.

The consequences are significant:
🔹 The VAT code is annuled from the date the tax authorities communicate the fiscal inactivity decision
🔹 Clients can no longer deduct expenses based on invoices issued by the company
🔹 Business activity may be seriously disrupted

In addition, companies already declared inactive risk dissolution if they are not reactivated within 12 months.

Filing deadlines now require the same level of attention as tax return deadlines.

21/05/2026

The Romanian microenterprise tax regime has been simplified.
Starting January 1, 2026:
🔹 The 3% tax rate has been eliminated
🔹 A single 1% rate now applies to all microenterprises

This brings back the simpler structure that existed before the two-tier system was introduced — and reduces complexity for SMEs operating under this regime.

If you run a microenterprise, this is a good moment to review your tax position and confirm you continue to meet the eligibility criteria.

20/05/2026

The PKF EMEI Gathering & Global Tax Pillar Meeting 2026 brought together leaders and experts from the PKF Global network — and PKF Econometrica was part of the conversation.

What we are bringing home:
🔹 A clearer view on where our profession is heading — from quality standards to the role of technology in shaping the services we deliver
🔹 New ideas on growth and innovation, shared with colleagues from over 200 member firms in 150 countries
🔹 Stronger connections across the network — the kind that translate, in time, into better service for our clients in Romania

Being part of PKF Global means our clients are backed by the experience of more than 23,000+ professionals worldwide. Lisbon was a good reminder of what that really means.

Address

Bulevardul 3 August 1919, Nr 9
Timisoara

Opening Hours

Tuesday	09:00 - 18:00
Wednesday	09:00 - 18:00
Thursday	09:00 - 18:00
Friday	09:00 - 18:00

Website

http://www.pkf.ro/

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