Over 462,000 taxpayers could be declared fiscally inactive from 2026 if they do not submit annual financial statements, having severe consequences on economic activity.

According to an analysis conducted by EY Romania, nearly 500,000 taxpayers risk being declared fiscally inactive starting January 1, 2026, if they do not submit their annual financial statements. Among them, over 120,000 already have unpaid tax obligations. Law no. 239 of December 15, 2026, stipulates that those who do not submit these statements within five months of the legal deadline or who do not have a payment account opened in Romania can be declared inactive. The measure aims to increase transparency and combat tax evasion, but there are no clarifications regarding the retroactive application of the law.

The declaration of fiscal inactivity carries severe consequences, including the inability to deduct expenses and VAT for companies that continue economic activity. This can affect business relationships and the reputation of companies, influencing access to financing. EY recommends that taxpayers improve their financial reporting processes and collaborate with specialists to avoid penalties.