New fiscal rules demand an NIF certificate when opening an account in Romania. By Irina Savastre, Head of Global Securities Services, GSS Romania
According to a recent ordinance, all non-resident investors are required to provide their local banks with their Fiscal Identification Number (NIF) issued by the Romanian Fiscal Authority (ANAF) when opening current cash accounts. If a NIF is not presented by a client, local banks are required to submit to ANAF all documentation for a NIF allocation.
Thus, the NIF certificate will become a mandatory document in Romania for the account opening process.
Government Ordinance no.30/2017 for amending and supplementing the Fiscal Code Procedure was published in the Official Gazette on 31 August.
Head of Global Securities Services Romania
Global Securities Services Relationship Manager