- Romania has enacted e-invoicing and e-reporting requirements
- The mandatory use of the RO E-Factura system has been signed into law
- Starting January 2024, Romanian VAT-registered businesses must comply with e-reporting rules
- By July 2024, all B2B invoices will be issued through the E-Factura system
- Businesses must prepare their systems for the new requirements
- Resident and non-resident VAT-registered businesses have five days to meet the e-reporting obligation
- No fines for non-compliance between January 1st and March 31, 2024
- Penalties ranging from 1000 LEI to 10000 LEI will be applied for non-compliance starting April 2024
- Starting July 2024, resident businesses must use the RO E-Factura system exclusively for issuing and exchanging invoices
- Potential penalties for non-compliance equal to the VAT amount recorded on the invoice.
Source: fonoa.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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