VATupdate

E-Invoicing: Questions Remain as Deadline Looms

Romania has been taking steps toward introducing a continuous transaction controls (CTC) mandate since 2021. Although the Romanian tax authority only established the legal framework for implementing the e-invoicing system less than a year ago, it is set to go live soon. At the same time, the e-transport system, introduced even later, will also be rolled-out. Both systems will become mandatory as of 1 July; however, there are still open questions that taxpayers hope will be addressed by the Romanian authorities. By international comparison, taxpayers in Romania have a relatively short time window to comply with the new obligations.

Source Sovos

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