Skip to main content

Romania: Draft guidance clarifying accounting treatment of deferred tax under Pillar Two rules

Draft order for public consultation published on February 9, 2026

Share
March 18, 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

Thank you!

Thank you for contacting KPMG. We will respond to you as soon as possible.

Contact KPMG

Use this form to submit general inquiries to KPMG. We will respond to you as soon as possible.
All fields with an asterisk (*) are required.

Job seekers

Visit our careers section or search our jobs database.

Submit RFP

Use the RFP submission form to detail the services KPMG can help assist you with.

Office locations

International hotline

You can confidentially report concerns to the KPMG International hotline

Press contacts

Do you need to speak with our Press Office? Here's how to get in touch.

Headline