For certain categories of taxpayers, the first deadline for submitting the D406 Annual Declaration regarding fixed assets (“Annual D406 Assets Declaration”) is approaching.
The general rule for establishing the deadline for submitting the annual D406 Declaration regarding assets is that this deadline is the same as the deadline for submitting the financial statements related to the financial exercise for which the SAF-T reporting on assets is being prepared.
For example, for the financial year 2022, the deadline for submitting the annual Declaration D406 regarding fixed assets is May 30, 2023. This deadline is starting to become quite urgent, especially in the context in which certain taxpayers are still working on the preparation of this declaration.
The good news is that not all taxpayers are required to submit the D406 annual statement regarding fixed assets until May 30, 2023.
Existing large taxpayers
The deadline of May 30, 2023 is the deadline for submitting the annual Declaration D406 regarding assets for “existing large taxpayers”, namely for taxpayers classified as large taxpayers on January 1, 2022, but who were also part of this category in 2021 .
However, if an existing large taxpayer has a financial year different from the calendar year, ANAF has clarified that this taxpayer is required to submit the annual Declaration D406 regarding fixed assets starting with the financial year in which all the Declarations were previously submitted D406 mandatory (monthly or quarterly).
The example provided by ANAF is the following: if the financial year ends on March 31, 2022, for the financial year 01.04.2021 – 31.03.2022, the taxpayer in question (for which the SAF-T reporting obligation began on 01.01.2022) will not submit the D406 Asset Declaration. This taxpayer will submit the first Declaration D406 regarding fixed assets for the financial year 01.04.2022 – 31.03.2023, until the date of submission of the financial statements related to this financial year (namely within 150 days from the end of the financial year, i.e. until 28.08. 2023).
New large taxpayers
Although this was not explicitly stated in the ANAF clarifications, our team of SAF-T specialists translated the example provided by ANAF also in the case of “new large taxpayers”, namely taxpayers classified as large taxpayers on January 1, 2022, but who were not part of this category in 2021 and for whom the obligation to submit the mandatory D406 Declarations began on July 1, 2022.
Thus, given the fact that the new large taxpayers did not submit the mandatory D406 Declarations for the entire financial year 2022, but only for the period July 1 – December 31, 2022, they will have the obligation to submit the D406 Declaration regarding fixed assets only starting with the 2023 financial year, and namely until May 29, 2024.
See nominal list of large taxpayers starting with 01.01.2022.
Medium taxpayers
As far as medium-sized taxpayers are concerned, the deadline for submitting the annual Declaration D406 regarding fixed assets is also May 29, 2024, representing the deadline for submitting the financial statements related to the 2023 financial year.
Small taxpayers
Small taxpayers benefit from the most distant submission deadline, namely May 30, 2026, because in their case the obligation to submit the mandatory D406 Declarations begins only on January 1, 2025.
Both in the case of new large taxpayers, as well as in the case of medium and small taxpayers, if the financial year is different from the calendar year, the deadline for submitting the annual Declaration D406 regarding fixed assets is calculated according to the respective financial year.
The SAF-T declaration regarding assets is submitted through a single annual report, independent of the monthly SAF-T declarations.
With regard to the information that must be included in the annual SAF-T Declaration regarding fixed assets, these consist, in principle, of details related to the fixed assets owned by the taxpayer during the reporting period, regardless of the date of purchase (for example, inventory number, account analysis in which the fixed asset is recorded, as well as accounting information regarding the value of the asset, etc.), as well as in details regarding transactions with fixed assets carried out during the reporting period (for example, unique identifier of the transaction and of the asset, description of the transaction, accounting value of the transaction, etc.).
If you encounter difficulties, either in determining the types of information that should be included in the D406 Annual Statement regarding fixed assets, or in the effective generation of the said statement from the accounting system, our team of SAF-T specialists will be happy to help!
How can you use the Latitude App for annual SAF-T reporting?
In preparing the annual SAF-T declaration, you can use the Latitude App depending on the company’s needs for:
- generating the annual SAF-T declaration by importing data from excel
- verification of the annual SAF-T declaration generated by other technical solutions, by converting it from XML format to EXCEL format, a format that is easier to read and verify
- punctual modification and completion of the annual SAF-T declaration generated by other technical solutions, by modifying or completing the EXCEL file and converting it into XML format
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