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Sovos partners with PwC Romania for SAF-T Reporting

Tuesday 26th July, 2022

Sovos has announced an expanded partnership with PwC Romania that will allow for the local distribution of its SAF-T (Standard Audit File for Tax) solution. The deal will take Sovos’ leading software solution and combine it with PwC Romania’s market-leading service and delivery capabilities in the region.

PwC Romania is working with over 50 businesses in the region that will use the reporting methods provided by Sovos’ technology following the latest phase of Romania’s SAF-T rollout on 1 July 2022.

The mandatory submission of Romania SAF-T began at the start of 2021 and July’s update incorporates large taxpayers who were not part of the initial launch. The current timeframe for further implementation will see medium taxpayers inducted on 1st January 2023 and small taxpayers from 1st January 2025.

“Marc Hobell, Regional VP Sales, Europe, said, “Although SAF-T is said to benefit taxpayers by facilitating submissions, SAF-T compliance is difficult in practice and with our technology and PwC Romania’s vast customer base and delivery capabilities in the region, this partnership will have wide-reaching benefits. Working with partners of this calibre is exciting for Sovos as it expands our reach across Europe. We look forward to building on this relationship and supporting businesses across the region going forwards.”

“By implementing SAF-T, Romania is taking an important step to modernise the National Agency of Fiscal Administration (ANAF) and to digitise the institution in order to improve the capacity of VAT and other taxes collection. The experience of other European Member States shows that VAT collection has increased thanks to technology and local government reform and, consequently, the VAT collection deficit has decreased. Together with Sovos, we are supporting our clients to simplify their compliance procedure to SAF-T and also to highlight the benefits of the technology”, said Daniel Anghel, Partner and TLS Leader, PwC Romania.

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