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
irina.savastre@unicredit.ro

Andreea Albu
Global Securities Services Relationship Manager
andreea.albu@unicredit.ro