Annual inventory in Romania: not carrying it out is a contravention fined RON 3,000 to 20,000
Updated: 3 hours ago
By Dr. Maria Piroi
The short answer
A Romanian company must carry out a general inventory of its assets, liabilities and equity at least once during each financial year (Accounting Law no. 82/1991, art. 7 para. 1). Failing to comply with the inventory rules is a contravention (art. 41 point 2 letter d) fined RON 3,000 to 20,000 (art. 42 para. 1 letter d, as amended by GEO 115/2023).
Key takeaways
General inventory at least once a financial year, and on merger, division, conversion or liquidation (Accounting Law, art. 7 para. 1).
Fine for breaching the inventory rules: RON 3,000 to 20,000 (art. 42 para. 1 letter d).
The administrator is responsible for organising the inventory (Order 2861/2009, art. 2).
As a rule, the inventory is carried out by committees appointed by written decision (Norms approved by Order 2861/2009, point 6 para. 1).
Who must carry out the annual inventory?
The companies and other entities covered by the Accounting Law must carry out a general inventory of the items of the nature of assets, liabilities and equity held at the start of their activity, at least once during the financial year, and on a merger, division, conversion or liquidation and in other cases provided by law (Accounting Law no. 82/1991, art. 7 para. 1). The obligation is to carry out the inventory; the law does not describe it as a return to be filed.
What is the fine?
Failing to comply with the rules issued by the Ministry of Finance on carrying out the inventory is a contravention under art. 41 point 2 letter d) of the Accounting Law. Since GEO 115/2023, art. 42 para. (1) letter d) sets the fine at RON 3,000 to 20,000.
Who is responsible?
Responsibility for the proper organisation of the inventory lies with the administrator, the authorising officer or the other person who manages the entity (Order 2861/2009, art. 2).
How is the inventory organised?
The persons responsible appoint one or more inventory committees by written decision (Norms approved by Order 2861/2009, point 6 para. 1).
The decision states the committee's composition (chair and members), how the inventory is carried out, the method used, the management unit inventoried and the start and end dates (point 6 para. 1).
Obligation | Rule | Consequence |
General inventory at least once a financial year | Accounting Law, art. 7 para. 1 | Contravention, art. 41 point 2 letter d) |
Inventory carried out under the Ministry of Finance rules | Order 2861/2009 and its Norms | Fine of RON 3,000 to 20,000, art. 42 para. 1 letter d) |
FAQ
How often must a Romanian company carry out an inventory?
At least once during each financial year, and on a merger, division, conversion or liquidation (Accounting Law no. 82/1991, art. 7 para. 1).
What is the fine for not carrying out the inventory?
RON 3,000 to 20,000 (Accounting Law, art. 41 point 2 letter d and art. 42 para. 1 letter d, as amended by GEO 115/2023).
Is the inventory filed with ANAF?
The Accounting Law requires the company to carry out the inventory (art. 7 para. 1); it does not provide for filing it.
Who is responsible for the inventory?
The administrator or the other person who manages the entity (Order 2861/2009, art. 2).
Who carries out the count?
As a rule, inventory committees appointed by written decision (Norms approved by Order 2861/2009, point 6 para. 1).
Sources
Accounting Law no. 82/1991, republished, as amended: art. 7 para. (1), art. 41 point 2 letter d) and art. 42 para. (1) letter d).
Government Emergency Ordinance no. 115/2023, art. LXXVI point 3.
Order of the Minister of Public Finance no. 2861/2009 approving the Norms on organising and carrying out the inventory: art. 2; Norms, point 6 para. (1).
Questions about the annual inventory of your Romanian company? Primary contact: Bogdan Năstase · Managing Partner, International Lead
Last updated: 3 November 2026. This article is for information only and does not replace an analysis of your specific situation. Drafted with AI assistance; references were verified against the primary sources.
