Romania plans to introduce a B2B e-invoicing mandate from January 2024, which will be valid until December 2026 or pending the adoption of the ViDA proposal. The mandate will require businesses engaged in transactions with other companies to exclusively use electronic invoicing for their exchanges. The mandate covers all economic operators or taxable persons engaging in B2B transactions involving goods and services delivered or performed within Romania, including taxpayers not established but registered for VAT purposes in Romania. Invoices issued under this mandate must be submitted through the national invoice system within five working days from the invoice date. Non-compliance with this obligation is subject to penalties ranging from 1,000 to 10,000 lei. The mandate aims to enhance efficiency and fight tax evasion and fraud. A short transition period is planned from January 1 to March 31, 2024, during which no penalties will be imposed for non-compliance with the submission deadlines.
Source: marosavat.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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