Romania: Draft guidance clarifying accounting treatment of deferred tax under Pillar Two rules
Draft order for public consultation published on February 9, 2026
The Ministry of Finance on February 9, 2026, published a draft order for public consultation clarifying the accounting treatment of deferred tax for constituent entities subject to Law No. 431/2023 implementing the EU Minimum Taxation Directive.
The draft order reflects amendments introduced by Government Ordinance No. 21/2025 and addresses entities not reporting under international financial reporting standards (IFRS).
The draft order would allow entities applying Romanian accounting standards to either disclose deferred tax in the notes to the annual financial statements or transition to IFRS, with clarifications on the applicable transition rules.
For more information, contact a KPMG tax professional in Romania:
Vlad Craciun | vcraciun@kpmg.com