Fiscal measures package 2: New cases when companies can be declared inactive in Romania

Fiscal Measures Package 2 has introduced new situations in which a company can be declared inactivity. According to the Fiscal Procedure Code and the adopted amendments, the lack of an active bank account, failure to fulfill declarative obligations, or missing deadlines for submitting financial statements can lead to inactivity for a romanian company. This is particularly relevant for entrepreneurs who are at the initial stage of starting up your own business or the process of start a business in Romania, as the new rules affect not only large companies, but also small firms or a newly formed SRL.

Concepts such as company formation in Romania, starting up your own business, or even set up a company are no longer mere administrative procedures, as they now require compliance with new fiscal legislation. In this context, consulting a business lawyer or commercial lawyer is essential, as they can guide entrepreneurs throughout the entire company formation in Romania process and explain the long-term impact of these new regulations.

One of the most important changes for entrepreneurs is the obligation to open and maintain an active bank account. Failure to maintain a bank account can result in the company being declared inactivity, triggering serious fiscal consequences. Similarly, failure to properly perform share capital contributions or comply with share capital increase requirements can turn a functional romanian company into a financially blocked entity.

To mitigate these risks, entrepreneurs must understand that maintaining the minimum share capital and complying with the deadlines set by tax attorney authorities such as ANAF are mandatory. Consulting a business attorney or a lawyer for taxes can provide practical solutions to prevent potential blockages. For those engaging in starting up your own business, whether via company formation in Romania, infiintare PFA, or start a business in Romania, it is crucial to complete all initial formalities to avoid entering a state of fiscal inactivity. Similarly, the process of share capital reduction must be managed carefully to avoid losing fiscal status.

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