ANAF intensifies wealth checks, demanding justification for funds

Romania's National Agency for Fiscal Administration (ANAF) is significantly increasing its scrutiny of individuals' financial affairs, with controls targeting disparities between declared income, accumulated wealth, expenditures, and cash flow. The agency's efforts between July 2025 and May 2026 resulted in the completion of 1,102 control actions and the establishment of additional fiscal claims totaling over 540 million lei (approximately $117 million USD).

In light of these intensified checks, demonstrating the legitimate origin of funds and fulfilling tax obligations are crucial. Lawyers are advising Romanian citizens on the necessary documentation and information required during these verifications. ANAF utilizes data from both domestic sources and international exchanges to identify inconsistencies between declared incomes and an individual's assets, expenses, or financial transactions.

Elena Grecu, a lawyer, explained that possessing significant wealth is not inherently a fiscal problem. "What ANAF is looking for in the personal fiscal situation check is whether there are discrepancies between declared income and the patrimonial situation, expenses incurred, or treasury flows, and, above all, whether these can be explained and supported by documents," she stated. The fiscal procedure code deems a significant difference relevant if it exceeds 10% of declared income and amounts to at least 50,000 lei.

One primary area of concern for ANAF involves funds whose origin cannot be substantiated. This includes situations like significant cash deposits into personal or company bank accounts, cash purchases of movable and immovable property, loans granted to one's own companies, and capital increases. Starting in 2026, individuals may also be selected for personal fiscal verification on a random basis, though these random selections will not exceed 10% of the total individuals checked annually.

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What ANAF is looking for in the personal fiscal situation check is whether there are discrepancies between declared income and the patrimonial situation, expenses incurred, or treasury flows, and, above all, whether these can be explained and supported by documents.