​Following various reports from the Audit Chamber, ANAF developed a project to define high net worth individuals for future monitoring.

Thus, according to ANAF, a high net worth individual is an individual tax resident in Romania who owns assets, both in Romania and abroad, worth more than 25 million euros (equivalent in lei), calculated at the average exchange rate of the euro for the year before the asset valuation, established by the National Bank of Romania.

A project with a high net worth definition – click to open

How ANAF estimates the wealth of wealthy people

Assets are assessed on the basis of data and information stored or received by ANAF regarding the following inheritance items:

• real estate in ownership;

• movable property owned;

• held financial assets

In essence, wealth is the sum of all of the above.

The main administration of personal income will gather the relevant persons into a group (more precisely, a list).

According to the order, the high-net-worth group, which consists of the group of high-net-worth individuals and their spouses and relatives up to the second degree, will also be expanded.

ANAF will notify individuals that they are part of the group of individuals with large assets.

The group of high net worth individuals is updated once every 3 years and once every 6 years to exclude individuals who no longer meet the criteria.

At the same time as the affluent group is updated, the extended affluent group is also updated.