Romania will introduce mandatory electronic invoicing for B2B transactions of goods and services, except for exports and intra-community deliveries, in two stages. From January 1 to June 30, 2024, taxable persons established in Romania must report/transmit invoices issued for deliveries of goods and services in the B2B relationship with the place of delivery/performance in Romania in the national system (RO e-invoice).
Non-established persons registered for VAT purposes in Romania must also report/transmit invoices for the supply of goods/services in the B2B relationship with the place of delivery/performance in Romania.
Failure to comply with the deadline of 5 working days from the deadline provided by the Fiscal Code for issuing invoices will result in a fine of between 1,000 and 5,000 lei. From July 1, 2024, submission of electronic invoices using the national RO e-Invoice system will become mandatory for deliveries of goods and services in the B2B relationship between taxable persons established in Romania.
Failure to comply will result in a fine equal to the amount of VAT entered in the invoice. The legislative proposal is part of the Law project regarding tax and budgetary measures to be adopted, published transparently on the Ministry of Finance portal on September 19, 2023, and implements EU Council Decision 2023/1553.
Source Biris Goran
