- Romania has been authorized by the European Union to introduce the obligation of issuing electronic invoices in B2B relationships.
- This means that only electronic invoices in .xml format will be accepted by the Romanian tax administration.
- The new system is expected to be implemented from January 1, 2024. Companies can still issue invoices from their IT systems, but they must be in .xml format and contain all mandatory elements.
- The implementation process involves a series of internal analyses, technical changes, and additional financial resources.
- Companies must initiate the process of identifying the resources and solutions needed to comply with this future obligation.
- Failure to comply could affect internal processes and commercial relationships with partners.
Source PwC
Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Romania"
- Romania Intensifies 2025 Tax Audits with Digital Tools, E-Invoicing, and Stricter Compliance Measures
- General Court T-643/24 (Credidam) – AG Opinion – Unauthorized use of copyrighted works incurs VAT on fees
- Romania Launches Major Tax Audits Targeting Over 500 Large Companies to Boost Compliance
- Romania to Impose New EUR 5 Logistics Tax on Non-EU Parcels Under EUR 150 from 2026
- Briefing Document & Podcast: Romanian E‑Invoicing, E‑Reporting, and E‑Transport: Scope, Timeline & Requirements
