Romania: New accounting regulations related to the single-entry bookkeeping system

New accounting regulations related to the single-...

On 24 February 2015 Ministry of Public Finance Order no. 170/2015 for the approval of the new accounting regulations applicable to the single-entry bookkeeping system (the “Order”) was published in Official Journal of Romania no. 139/2015. The Order is applicable starting from 1 March 2015.

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The Order clarifies the procedures for taxpayers which want to opt to keep their accounting records by using the double-entry bookkeeping system. 

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