Socrate+ and SocrateOpen, adapted to the new regulations concerning the 394 Statement

BITSoftware adapted its ERP solutions to the new 394 Statement regulations required by ANAF Order no. 3596/2011. So, the data necessary for the 394 Statement are prepared in Socrate+ ERP, respectively SocrateOpen ERP&CRM, and exported in xml format. This file is validated and exported in the final form with the ANAF software, and will be submitted via internet or on electronic support.

The ANAF Order no. 3596/2011 establishes a new reporting period and a new way of submitting the statement. Thus, since February 1st, 2012, the reporting period for this statement is the fiscal period declared for submitting the VAT settlement, which can be now submitted monthly, quarterly, half-yearly or annually, until the 25th of the month following the reporting period. The new rules apply to operations performed from January 2012, for operations performed up to December 31, 2011 the old rules being available. Another novelty of Order 3586/2011 is that for transactions performed since January 2012 by taxpayers who hold a digital certificate, the 394 Statement can be submitted online, in electronic format.

Since 2007, along with EU membership and quitting the standardized invoices, all businesses registered for VAT in Romania were required to complete the 394 Statement and to report half-yearly all deliveries of goods, services and purchases of goods and services to other businesses registered for VAT in Romania performed on Romanian territory.

According to the Romanian Fiscal Code, the 394 Statement is submitted for all taxable transactions performed on national territory and must contain all invoices received during the reporting period, including those labeled as „reverse charge" and those for which the chargeability occurs during the reporting period.