Compulsory fiscal identification

Mon, 02/10/2017

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.


Contact Details

Irina Savastre
Head of Global Securities Services Romania

Andreea Albu
Global Securities Services Relationship Manager