Asset Revaluation 2026 — Updated ANEVAR Standards and Practical Guide

Why asset revaluation matters in 2026

Revaluation of tangible fixed assets is essential practice for reflecting true asset value in financial statements. Given accumulated inflation and real estate market changes in recent years, revaluation becomes not just a recommendation but a necessity for many Romanian companies.

According to OMFP 1802/2014 (updated), entities may opt for the revaluation model for land and buildings. Revaluation differences are recorded in the revaluation reserve (account 105) and affect equity, with direct impact on financial indicators and bank financing access.

ANEVAR 2026 standards — what changed

• SEV 100 (General Framework) — new documentation requirements for assumptions and limiting conditions
• SEV 230 (Real Property Rights) — updated comparative methods including electronic transactions (e-Land Registry)
• SEV 310 (Financial Reporting Valuations) — complete alignment with IFRS 13 (Fair Value Measurement)
• GEV 630 (Biological Assets) — new approaches for agricultural and forest plantation valuation

When is revaluation mandatory?

• At financial institutions' request — banks require updated valuation reports (max 12 months) for real estate collateral
• When changing asset purpose — from own use to investment property or vice versa
• For significant transactions — mergers, acquisitions, transfers, capital contributions
• When establishing mortgage — mandatory valuation per banking legislation
• Insolvency — debtor's estate valuation

Tax benefits of revaluation

• Increased depreciation base → higher depreciation expenses → corporate tax savings
• Increased equity → improved solvency indicators
• Updated net book value → more credible financial statements for investors and banks
• Full tax deduction of revaluation surplus depreciation (per Tax Code art. 28)

Revaluation process — practical steps

1. AGM/Board decision on revaluation and reference date
2. Select authorized ANEVAR valuator (check ANEVAR public registry)
3. Provide documents to valuator: land registry extracts, purchase contracts, inventory reports
4. Physical asset inspection and valuation report preparation
5. Accounting recognition of revaluation differences
6. Reporting in financial statements and tax declarations

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