Generalized electronic invoicing, one step closer to implementation. When does the paper invoice disappear?

Starting from January 1, 2024, entities carrying out taxable operations in Romania will be required to report all invoices through the RO e-Factura system.
The paper version will only be allowed until June 30, 2024, and only if the supplier or beneficiary is not yet listed in the RO e-Invoice Register.
VAT reimbursement will only be possible for entities established in Romania based on the electronic invoice.
The process of implementing the system has two stages, with the first stage requiring Romanian suppliers to report all B2B invoices issued for operations taxable in Romania from January 1 to June 30, 2024.
The second stage starts after July 1, 2024, and only electronically issued invoices in XML format will be accepted for VAT deduction purposes.
Non-compliant entities risk fines and rejection of VAT deduction.
Taxpayers should prepare ahead of time to meet these obligations, and the fiscal authority (ANAF) must improve its infrastructure to ensure compliance.

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