- The Romanian Ministry of Finance has proposed draft legislation for mandatory real-time reporting of invoices from January 1, 2024, and mandatory e-invoicing from July 1, 2024.
- From January 1, 2024, all taxpayers in Romania, including VAT-registered taxable persons, must report all invoices for B2B and B2G supplies of goods and services within 5 working days of issuance through the national electronic invoice system called RO e-Factura.
- There is a grace period of 3 months before penalties are imposed for non-compliance, starting from April 1, 2024.
- From July 1, 2024, the system will shift to a full pre-clearance electronic invoice submission via the eFactura platform, and paper or old electronic format invoices will no longer be acceptable.
- Invoices must be issued electronically in XML format and sent via the RO e-Invoice system.
Source: meridianglobalservices.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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